Now we are coming to some of the issues. The hon. Gentleman feels that the Chancellor did not make an error when he promised back in 2010 that by now we would have no deficit and that it would all have been eradicated. The esteemed Chancellor of the Exchequer promised in his autumn statement that
“we will meet our fiscal mandate to eliminate the structural current budget deficit one year early, in 2014-15.”—[Hansard, 29 November 2010; Vol. 519, c. 532.]
That is the year we are in now. This is about the Government’s record for the past four and a half to five years.