The Prime Minister talks about the context. The context is the biggest budget deficit of any advanced economy in the world. Let us be clear about what these people say about the Government's plans. The CBI says that the Government's plans are "too little too late". The Governor of the Bank of England says that
"there is not a credible plan".
The OECD says that
"more ambitious plans...would strengthen the recovery".
Howard Davies, the man whom the Prime Minister appointed as the head of the Financial Services Authority, said that
"the loss of confidence in the Government's ability to get the public finances back under control"
"The major risk"
facing this country. And he said that after the utterly feeble pre-Budget report. So let me ask the Prime Minister again: why does he think that all those people think that his plans are so feeble?
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