31/03/2014 07:58 BST | Updated 31/03/2014 08:59 BST

George Osborne Says Britain Is 'Walking Tall', Ignoring These 5 Awkward Graphs

Matthew Horwood via Getty Images
PORT TALBOT, WALES - MARCH 25: Chancellor George Osborne during a visit to Tata Steel to see how it has been affected by the budget on March 25, 2014 in Port Talbot, Wales. In the Chancellor's budget statement last week he announced support for energy intensive manufacturing, Tata's Port Talbot factory is the largest steel plant in the UK, producing five million tonnes of steel annually and employs over 4,000 people. (Photo by Matthew Horwood - WPA Pool / Getty Images)

George Osborne has lavished praise on his austerity strategy for helping the UK "walk tall in the world again".

In a triumphant speech today, the Chancellor said his cuts programme was the "only plan in town" and that the country was lifted by the coalition offering the most generous tax cuts "for a generation".

Labour insisted that the chancellor was "taking away much more" than he was giving back through tax and benefits, and the bare facts tell an even more sobering picture for the UK economy.

The country's debt burden is still set to soar, as official forecasters predict that Britain will still fail to build a recovery based on exporting and trade.

Here are five simply awkward facts expressed in graph form that George Osborne conveniently forgot to mention.

Photo gallery 5 Graphs That George Osborne Ignores When He Says Britain Is Walking Tall See Gallery