Figures that show scale of Chancellor's failure

“The figures speak for themselves*” said UNISON Chief Dave Prentis today as the union revealed a yawning gap between Osborne’s 2010 Budget forecast and today’s economic reality.

The figures show that the George Osborne’s growth projections have been drastically revised downwards. So the economy will be weaker, leading to big downward revisions in Gross Domestic Product.

Dave Prentis said:

“The Chancellor has failed to deliver on nearly every target he set himself in 2010 and now he is failing the country further.

“Osborne’s plans for low inflation and falling unemployment are unraveling in the face of figures this week showing inflation and unemployment rising.

“Less economic activity means less money collected in taxes. So planned Government income from corporation tax, income tax and national insurance are all revised downwards. Less income will fail to close the budget deficit, so the nation’s debt goes up.”

*And these forecasts demonstrate that a credible plan to cut our budget deficit goes hand in hand with a steady and sustained economic recovery, with low inflation and falling unemployment.” George Osborne 22 June 2010