Osborne Has Borrowed More In 3 Years Than Labour Did In 13

The Huffington Post reports: “George Osborne’s claims to be prudent with the nation’s finances have been brutally undermined by the fact he has added more to Britain’s £1.2 trillion debt pile in his three years as Chancellor than Labour did in thirteen.

The latest economic figures from the Office for National Statistics showed that the coalition has borrowed £430.072 billion, whereas the last Labour government managed to borrow just £429.975 billion.

The Tories have rushed to distract attention from this awkward economic fact by blaming Labour, saying: “it takes time to cut Labour’s deficit. But we have borrowed a lot less than Labour planned and you have repeatedly demanded.” (http://www.huffingtonpost.co.uk/2013/11/21/uk-borrowing-_n_4316084.html)

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