CONSERVATIVE
New Forest East

TREASURY – BORROWINGS FORECAST – 26 May 2005

Dr Julian Lewis: The Chancellor will be aware that the Institute for Fiscal Studies has predicted a less than 60 percent chance that the Chancellor will meet the golden rule on borrowing, yet on Sunday he said on television that we have been meeting the golden rule and will continue to do so. Does that mean that he is predicting a near 100 percent chance that he will meet the golden rule in future?