Autumn Statement: Six charts George Osborne doesn’t want you to see – Independent

From The Independent:

Ahead of Wednesday, here are six charts George Osborne won’t want you to see.

Public sector borrowing

The government will have to borrow as much as £75bn more than it intended to over the next five years to make up for collapsing revenues from oil sales, stamp duty and income tax, Osborne will have to admit this week.

Public sector debt

In his first Budget, shortly after the election in 2010, Osborne said he would ensure debt was falling as a percentage of GDP by 2015-16.

The rising cost of living…


Via Joseph Rowntree Foundation.

…While this has happened to people on low incomes


Actual earnings growth vs the OBR’s predictions of earnings growth


As the TUC notes, if earnings growth between 2010/11 and 2014/15 had been in line with the OBR’s forecast during the June 2010 Budget, the Treasury would have made £175.6bn in income tax receipts in 2014/15 – £17.1bn higher than the estimated figure.

NHS debt

George Osborne has announced the government will put an extra £2bn into frontline NHS services – but a third of the government’s extra investment in the NHS will be money that has already been allocated to the Department of Health.

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One Thought to “Autumn Statement: Six charts George Osborne doesn’t want you to see – Independent”

  1. All praise to Gideon Osborne, economic genius! Making everything great when in fact it’s Crap.

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