This is simply unbelievable* - literally i.e. methinks it must be more lies - and I await with interest to hear the budget.
"This contract says we will more than halve the deficit over four years, and we will also reduce the size of the structural deficit by two-thirds over the same period."
Update: Saturday 13th: *Thanks to Fraser Nelson at The Spectator for explaining this Brown
"Two years ago, he forecast no deficit at all by 2014. Now he's projecting one of 5 percent of GDP - simply mammoth - and still makes out that this is something to be proud of... ...[see] chart showing that even Italy (a G7 member) will have wiped out its deficit by the time Britain will - under Brown - have halved it.
You'd be amazed how many journalists, even financial journalists, don't know the difference between the two. [debt and deficit] The BBC news routinely mixes the two up. Where there is financial illiteracy, Brown sees a chance to mislead the voters."