2. Deficit down, but they forecast £40bn for start of this year. It is more like £90bn. Instead of being gone by the end of this year, they have shifted the target to being gone by the end of the next parliament.
3. Average real wages down 2% on 2010 (IFS figure). Would be worse but falling oil price has brought inflation down, boosting real wages.
(this comes from economist James Meadway, on a thread on my Facebook account)