Rising debt shows Tory economic strategy an unmitigated disaster for Britain’s finances
TORY efforts to portray George Osborne as an economic miracle worker repairing the damage caused by a public services-obsessed Labour government are increasingly in tatters.
Once again the reality of government revenues and borrowing offers a stark contrast to claims made by the Chancellor.
Despite the Office for National Statistics revealing that last month’s government borrowing was up £1.6 billion on September 2013, Osborne had nothing to say yesterday.
His version of voodoo economics envisages an economic recovery based on easing taxation on big business and the richest people in society while holding down working people’s living standards.