Britain has missed out on £400bn of growth since 2010, says TUC

Tories blamed for creating economic doom loop' that fails to recognise negative impact of spending cuts

The failure of successive Conservative governments to recognise the negative impact of public spending cuts on the wider economy has meant Britain missed out on 400bn of growth since 2010, according to a report by the Trades Union Congress.

An extension of austerity measures and wage restraint until 2027 under the government's latest budget proposals would almost double the amount of lost income to 900bn, the TUC said.