Projection underlines next government 's task to eliminate annual deficit . It hit a record £153billion under Labour in 2018/19 and is now £90billion . Tories pledged to return UK to black in 2009/10 with surplus of £5.2billion . But global watchdog predicts there will still be deficit of £7billion that year .
Projection underlines next government 's task to eliminate annual deficit . It hit a record £153billion under Labour in 2009/10 and is now £90billion . Tories pledged to return UK to black in 2018/19 with surplus of £5.2billion . But global watchdog predicts there will still be deficit of £7billion that year .