Skip to main content
Work with the NEU
Dismal stats put lie to Tory economic miracle myth

DISMAL official figures exposed Tory economic boasts as a sham yesterday with Britain’s debts growing by £95 billion last year and government finances flatlining.

The Office for National Statistics (ONS) revealed that Chancellor George Osborne was forced to borrow £97.15bn last year — just £4bn less than in 2013.

And despite Prime Minister David Cameron’s claims this week that the Tory “economic plan is working” flat tax figures from low-paid workers actually saw government borrowing higher year-on-year in two quarters.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Economics / 20 August 2026
20 August 2026
Prime Minister Sir Keir Starmer tours Palantir Technologies headquarters with company employees and British military personnel in Washington DC, February 27, 2025
Politics / 4 July 2026
4 July 2026

Only an ambitious programme of state-led investment can restore growth and improve living standards, argues MICHAEL BURKE