As much as I detest all three main parties, the following pleased me, if only to see Ed Balls reaction!
FOR once, and I can barely believe that I’m writing this, George Osborne has reason to be happy. The budget deficit for this fiscal year to date (April 2011-January 2012) was a still horrendous, Greek-style £93.5bn, but this was down £15.6bn from a year earlier, a very non-Greek development. This is a much better performance than expected by the Office for Budget Responsibility (OBR): it was hoping for a decline of just £9bn for the whole year (from £135.8bn in 2010-11). Unless the situation worsens drastically over the next two months, it looks as if Osborne’s deficit reduction plans have moved slightly ahead of target.
Ever mindful of copyright, I'm afraid you are going to have to go to Allister's website to read the rest of the article, but if you are interested in our economy, it's worth the read.