Austerity Chancellor George Osborne has cut, cut and cut again.

But rather than bringing down the deficit he’s sent it soaring to £100 billion, left the average worker £2,000 worse off than six years ago and borrowed a stunning £517bn — more than every Labour government in history combined.

And as he details his lastest wave of vicious attacks on the working class and handouts for the rich, the Morning Star has teamed up with top economist James Meadway to show him how it’s done.