UK lost £16bn in tax revenues over nine years under Conservatives, says Labour

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Party shifts narrative to put focus on how ‘decade of Tory misspending’ has weakened economy

The UK lost £16.7bn in tax revenues over nine years of slow growth under the Conservatives, figures unearthed by Labour show, as the party seeks to underline the economic effects of the Tories in office.

Labour, under the new shadow chancellor, Rachel Reeves, hopes to build a narrative about “a decade of Tory misspending” which would undermine Boris Johnson’s levelling-up rhetoric.

Related: Austerity is alive and well, and giving public services a kicking | Phillip Inman

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