In all the referendum chatter yesterday something significant went little reported. Fraser Nelson pointed out that the Prime Minister told a massive fib in the Conservative party political broadcast. He claimed the government was “paying down Britain’s debts”, listen:

[gigya src=”http://boos.audioboo.fm/swf/fullsize_player.swf” flashvars=”mp3=http%3A%2F%2Faudioboo.fm%2Fboos%2F1171923-david-cameron-we-re-paying-down-britain-s-debts-23-jan-13.mp3%3Fsource%3Dwordpress&mp3Author=Spectator1828&mp3LinkURL=http%3A%2F%2Faudioboo.fm%2Fboos%2F1171923-david-cameron-we-re-paying-down-britain-s-debts-23-jan-13&mp3Time=08.16pm+23+Jan+2013&mp3Title=David+Cameron%3A+%22We%27re+paying+down+Britain%27s+debts%22+23+Jan+13″ width=”480″ height=”160″ allowFullScreen=”true” wmode=”transparent”]As you can see from the graph that is completely untrue. That’s not poor phrasing. That is lying.

UPDATE: Jean-Christophe Gray – the PM’s spokesman – told the Lobby that the PM does know the difference between the UK’s budget deficit, down from 11% to 7% of GDP and the total stock of debt, up from 70.7% to 79.9% by the time of the next general election.