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The stark truth is that today, Britain's reputation is at risk. To deal with this we need to make sure people can look at our budget deficit without worrying about our creditworthiness.

But the poll also reveals deep disenchantment with the overall political process. Only 4 per cent of voters think that the parties are being totally honest with voters over their tax plans and only 6 per cent think they are being honest about cutting the deficit. Most worryingly for David Cameron as he tries to regain the lead enjoyed by the Conservatives two years ago, more voters are now hoping for a hung Parliament than either a Tory or Labour victory. A senior Tory told The Times: “This is a phoney war right now, but that’s not because of any lack of fighting. It’s because they think we’re all fakes.”