‘Osborne’s creative accounting done earlier in the year has now emerged and is shown to be facile. Apparently the Chancellor banked the expected £3.5bn receipts from the 4G mobile spectrum auction too early – before it had taken place in fact. Had he not done so, the Office for Budget Responsibility would have forecast a deficit for this year of £123bn, £1.4bn higher than in 2012.
So on March 20 2013 Osborne will have to announce this news. He is a W***** of the highest order indeed. Let’s face it he may as well use a set of Tarot Cards. His economic credentials being non-existent, his use of the cards would prove to be just as accurate or with a bit of luck, eve more so!