article_snippet: However the ONS was also forced to revise up the national debt after admitting an embarrassing £5.5billion miscalculation over the Government's bailed-out bank assets.
article_snippet: Mr Osborne also went on the offensive, publishing Treasury figures which suggest Labour would borrow a staggering £138billion more than the Tories if the Tories seize power in
article_snippet: May. Mr Osborne told the Federation of Small Businesses conference in Birmingham that Labour's plans were a 'clear and present danger' to the economy.
article_snippet: Mr Osborne later told LBC radio that – unlike Labour – the Tories would start to pay down Britain's £1.5trillion national debt.
article_snippet: Pushing forward: Mr Osbornetold the Federation of Small Businesses conference in Birmingham Birmingham that Labour's plans were a 'clear and present danger' to the economy .
article_snippet: Mr Osborne said: 'It sounds like an abstract concept, the national debt.
article_snippet: But It means this country has to spend billions on interest repayments that could be spent on services like the NHS – and It harms growth.
article_snippet: If the Labour Party get in then Britain's £1.5trillion national debt will start to rise again.
article_snippet: We would be sliding back into economic chaos.'