Mr Osborne is disingenuous with his "£30 Billion black hole"
From Philip Aldrick of the Telegraph
"The Institute of Economic Affairs (IEA) has calculated that the national debt is £4.8 trillion once state and public sector pension liabilities are included, or £78,000 for every person in the UK....finances data from the Office for National Statistics (ONS) shows that the total debt, excluding bank bail-outs, is £816bn. However, the figures strip out the state's pension liabilities in a contravention of standard accounting practices.
Mark Littlewood, the IEA's director-general, said: "The official national debt figure is seriously misleading. Looming in the background are pension liabilities. These should be moved to the forefront. The ONS should include these liabilities in their calculations. It is shocking enough to see official figures revealing a jump in national debt, but the grave reality is that our real national debt stands at 333pc of GDP."
The £1.2 trillion public sector pension liability and £2.7 trillion state pension liability, should be published either monthly or annually alongside the net debt data for reasons of transparency.'
£30 billion is but a flea bite compared with the sum he is concealing,a huge % of which is Civil Service pensions, illegally awarded by Civil Servants to Civil Servants without any consultation. No government has the guts to take on the CS. Those guys know where the bodies are buried.
Or where they will be buried.
Meanwhile 320,000 women born after 1950 have had their pensions stolen by successive governments and no one does a thing about it.