Cameron's deficit boast is misleading, says senior Tory as he calls for new cuts to boost economy John Redwood says national debt is still rising fastPrime Minister is in danger of 'misleading' the publicDeeper cuts to both taxes and spending needed, he argues By Jason Groves PUBLISHED: 01:59 GMT, 1 January 2013 | UPDATED: 01:59 GMT, 1 January 2013 John Redwood says David Cameron is misleading the country by claiming to have slashed the deficit David Cameron is ‘misleading’ the public by bragging about having slashed the nation’s budget deficit, a former Conservative Cabinet minister said yesterday. John Redwood said the boast – repeated in the PM’s New Year message – risked fooling people into thinking that the nation’s debt was coming under control at a time when borrowing is still running at more than 100billion a year, because many voters did not know the difference between the debt and the deficit.
Now we ARE all in it together: Osborne puts 400,000 middle-class workers into 40% tax band, squeezes benefits and orders 1bn raid on higher earners' pensions Mr Osborne targeted workers at top, middle and bottom of financial heapHardest hit by measures will be top 10% and bottom 10% of earnersEconomy predicted to shrink by 0.1% in 2012 according to statementSchools given discretion to raise teachers' pay if they perform wellExtra 5bn to be used for infrastructure projects including 100 new schools | UPDATED: 23:26 GMT, 5 December 2012 George Osborne targeted workers at the top, middle and bottom of the financial heap yesterday with a raft of money-saving measures. He ordered a tax raid on higher earners’ pensions, warning that Britain is only a third of the way through its age of austerity. He dragged 400,000 more workers into the 40p tax rate by raising the earnings threshold by just one per cent – below the rate of inflation