The truth about Brown's bust, but the BBC won't report it

The Institute for Fiscal Studies (IFS) have issued a report that claims that the Government finances are in a far worse state than the Prime Minister admits. The report says that the budget deficit is more than four times as high as under the Tories in the early 1990s. According to the IFS, the shortfall between tax revenues and public spending will be 4.4 per cent of economic output this year. That shortfall compares with only 1 per cent at the start of the recession under John Major in 1990. This does not fit the Brown/BBC narrative and so I cannot see this being reported by the BBC.


By the way, I note that the impartial BBC are still showing on their politics home page the story entitled "Howard cousin 'given bribe money'". You have to have a grudging respect for the BBC, they will campaign for the BBC regardless of their Charter.