David Cameron has been accused of lying after he claimed today that the Coalition had "cut the deficit in half". In a speech today, the Prime Minister stepped up his attack on Labour and Ed Miliband by saying that the party's economic plans would be a “massive gamble” with the future of the UK. During the speech on the economy and housing, he warned that a prospective Labour government represents a “great, black, ominous cloud" on the horizon.
Mr Cameron also repeated a claim made by George Osborne in a recent newspaper article that "already we have cut the deficit in half and we have set out clear steps to finish the job by 2018".
But this claim was quickly rebutted by the editor of The Specator. Fraser Nelson wrote: "Can the Tories really be planning to fight the next election lying about the deficit? I ask because in his speech today, David Cameron has just repeated an untrue claim...
"If truth matters at all in politics, neither Cameron or Osborne should get away with this.... Even the most generous interpretation, the deficit will be halved in the year ending April 2016."
This morning, Chancellor George Osborne published new Treasury research claiming that Labour's plans "would mean a national debt bigger by half a trillion pounds in 20 years’ time".
The Prime Minister also used his speech today to unveil a scheme offering 100,000 first-time buyers under 40 the chance to buy a new home on brownfield land with a 20% discount.
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