The Tories' 'fiscal black hole' is a statistical fiction - let's have a reality check | James Meadway

Contributing sentiments towards policy:

53% : It's true that the economic outlook appears even worse than it did a year ago, especially for the UK, where a decade of austerity has left the economy weaker than other, similar countries - even before we consider Brexit.
49% : The interest the government pays for its borrowing is equally uncertain, for similar reasons, and this affects the path of future government spending.
44% : The "hole" emerges by looking at the gap between what the forecasts of government spending and tax revenues are likely to say and what the government says its target for the size of its debt is, relative to GDP.
43% : They're certainly not enough to make huge decisions about taxes and spending of the kind that will affect millions of people's lives.
37% : PEF's research shows that the two uncertainties together have far more impact on whether the government hits its own target than changes to taxes or spending.

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