BRITAIN has missed out on a mammoth £400 billion of economic growth during more than a decade of Tory rule, according to TUC research published today.

A toxic combination of tax breaks for the richest alongside cuts to public services and key worker pay has seen the country’s GDP fall well behind where economists in 2010 predicted it would be, the union body’s latest report said. 

The “doom loop is set to keep turning,” general secretary Paul Nowak warned, as ministers claim inflation-matching wage rises for public-sector workers are unaffordable, despite arguing unlimited bankers’ bonuses are needed to “attract the best talent.”