The Sunday Telegraph runs a story that illustrates the catastrophic collapse in Britain's non-public sector economy under Labour. The economic output of the private sector next fiscal year will be around £706.1bn – lower than the inflation-adjusted £708.9bn it amounted to in 1998/99, the first full fiscal year of the Blair government. The figures, calculated by the Policy Exchange think tank, show that in that same period the size of the public sector ballooned by some 63pc.
Keen readers will remember a story here on the same theme from 6 weeks ago. The figures are even worse if you work out private sector activity per capita.