The deficit will be 6.6% this year and 5.5% next year. That’s £108 billion this year, then £95 billion and £75 billion over the next two years. The OBR now forecasts a small surplus of 0.2% in 2018/19. Guido thinks these revised numbers will yet again be revised, but they’re strong enough to dangle in front of the voters in 2015.