Monday, October 13, 2008

Brown in La La Land - He's just making it up now

Fraser Nelson writing in the Spectator's Coffee House blog has this to say.

Another breathtaking Brownie at the Prime Minister’s press conference today:
“I have to say we face this situation with relatively low national debt because of the steps we have taken since 1997, where we wiped off perhaps more than around £100 billion of debt by reducing the proportion of debt in our national income.”

Huh? The ONS is unequivocal: net debt was £351bn in May 1997 and £632bn in August – or £545bn if you exclude Northern Rock. So where is his “wiping out” of £100 billion? Normally with a Brownie you can see how he cooked up the fake figure. But this time, it really does look like he just made it up.

Consider this for a moment. As Brown chastises bankers for dishonest off balance sheet accounting, he is concocting figures live on national television. There has never been a greater need for honesty but Brown remains unable to level with the public about the amount of debt his government has saddled us with. A reminder that the malaise Brown so piously diagnoses in the City – creative accounting – remains at the heart of his own treatment of government accounting.

On live television has yet again lied to us all. This fantasy land he lives in where he quotes out tractor statistics which are patently untrue is just amazing. Why don't the big TV networks take him up on his lying. I understand they are unlikely to get repeat interviews if they do this but that's what real journalism should be about.

He's just making it up now | Coffee House

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