A Downing Street spokesman said David Cameron made accurate claims about the economy when he explained why forecasts came in lower than expected.
The OBR has today again highlighted external inflation shocks, the Eurozone and financial sector difficulties as the reasons why their forecasts have come in lower than expected. That is precisely the point the Prime Minister was underlining.
The head of the independent Office for Budget Responsibility rebuked the PM for misrepresenting its position on the impact of austerity measures.
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