How could anyone believe that after today's figures.These show not just that public-sector debt has topped £1 trillion for the first time - a headline-grabbing statistic - but that the coalition has added £225 billion to the £779 billion debt it inherited. Far more than Alistair Darling forecast for a Labour government.
And by the time of the next election it is projected to soar by another £390 billion.
This is failure by any standards but when you consider it is happening while public-sector jobs are being slashed and huge sums taken out of public spending, it is a monumental disaster. The international financial institutions which have smiled kindly on coalition policy so far will surely turn nasty eventually. We could even join France in losing our triple A status.
At what point will voters wake up and realise that this government's economic policies are not just a failure but a catastrophe? At the moment, the Tories are unbelievably ahead in the polls.
Surely it can't last. Can it?
PS at 15.40: The Government has been dealt a blow this afternoon as the IMF confirmed it was lowering its projected growth target for the UK from 1.6% to 0.6% (from P0liticsHome). What a bad, bad day for them.
PS at 15.40: The Government has been dealt a blow this afternoon as the IMF confirmed it was lowering its projected growth target for the UK from 1.6% to 0.6% (from P0liticsHome). What a bad, bad day for them.