ONS/OBR figures today show the debt at £1,120b or 74.5% of GDP!
Famously predicted by Osborne, three years ago, to be over 4% less by now - 70.3%.
GO is highly unlikely 'to balance the books by 2015' - as the debt is clearly rising fast: It has now increased by nearly 50% since the Tories came in, in 2010 - just three years ago!!!
Tax rises seem imminent and inevitable - as the Tories have now played all their cards. Badly.
