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.
Cameron and George Osborne have now borrowed more in the three years since 2010 than Labour did over 13 years #costofcameron— Chris Leslie (@ChrisLeslieMP) November 21, 2013
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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."
.@ChrisLeslieMP It takes time to cut Labour's deficit. But we have borrowed a lot less than Labour planned and you have repeatedly demanded.— CCHQ Press Office (@RicHolden) November 21, 2013