Tory Shadow Chancellor Mel Stride wants to take £47 billion out of the UK economy — mostly by cutting benefits for migrants and those with mental ill health. That isn’t prudence. It’s managed decline.
In this video, I explain what really happens when you cut money from the poorest: demand collapses, jobs vanish, and resentment grows.
The truth is simple: spending creates income, and austerity destroys it.
TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk
00:00 What happens when £47 billion disappears?
00:32 Mel Stride’s cruel and racist proposal
01:15 Who gets hurt by these cuts?
02:10 The local multiplier effect explained
03:02 Why austerity destroys economies
03:55 The real consequences of cutting benefits
04:47 How resentment and division will grow
05:36 The alternative: invest locally
06:25 Why other parties must reject this plan
07:10 Final thoughts: cruelty is not policy
Credit to : Richard J Murphy