If I borrowed £178 billion this year and £176 billion next year, the fact that I had borrowed two billion less next year would not really be a success story, I would still owe a mind numbing amount of money and have to pay interest on the debt.

The money also still has to be repaid.

The Labour Government has sold off a great deal of our gold at the lowest price they could possibly have got for it and borrowed to spend and would have squandered the Crown Jewels if they could have got their hands on them.

This is a disaster story that even Spielberg could not have imagined.