I note M&S profits are up.

An increase in April's borrowing is a bit worrying, but there again inflation is a bit higher than predicted and whilst we have had a year of planned austerity measures to bring her back into the wind, the sails aren't rigged out yet. Or to put it another way, I'll worry about it being a success or failure in 2014, not by each monthly blip in one direction or another.

I note the media have jumped on this but were quiet on the successive months borrowing went down.

I don't hold a candle for this government but there are more tangible reasons to distrust them than assuming they can control inflation. Not even Fred the Shred could do that...