46.15 : “I don’t think we had a structural deficit at all in that period [i.e. leading up to the financial crisis]…”
47.14: “Was there a structural deficit? I don’t think so.”
The Institute for Fiscal Studies (page 6):
On the OECD measure, the UK had a structural budget deficit of 3.1% of national income in 2007. This is the 2nd biggest structural budget deficit among the G7 large economies (after the US) and the 4th highest of the 26 industrial countries for which the OECD has data.