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.

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.

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.
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£47 bn Tory cut = economic collapse

Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.

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£47 bn Tory cut = economic collapse

£47 bn Tory cut = economic collapse