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    Keith Bibby - yes the deficit remains and that means borrowing is still increasing. The original Osborne plan had that being the case to 2015 (Darling's based on an absurdly optimistic set of forecasts was to 2020 plus...) and now, because of Eurozone problems, Osborne's target has been re-set to 2016.

    This shows the lie of Balls about 'savage cuts' - the cuts to core spending have only been 0.8%, not nearly enough.

    That is why I am saying we need faster deeper cuts. Osborne has only done the minimum to keep the lenders happy.

    The deficit Howard is the amount of money being spent over and above income so, yes, cuts will reduce it but its being done too slowly and not deep enough. Only when the deficit has been balanced and into surplus will we see debt levels reduce.

    We need growth as well and reducing the public spending burden is part of what is needed to free up business to grow the economy.

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