What happens when £47 billion disappears from Britain's economy?

7th October 2025

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.