Overview

• Shadow chancellor Mel Stride set out proposals to save £47 billion, led by £23 billion from welfare changes that target personal independence payments for less severe mental health conditions, require medical diagnoses, and bar non‑citizens from claiming support.
• The party proposes restricting social housing to households headed by UK nationals, which it says would cut spending by £4 billion as part of wider measures on welfare and housing.
• Overseas development aid would be reduced to 0.1% of national income to save £7 billion, Civil Service numbers would be cut by about a quarter to save £8 billion, and green subsidies such as the boiler upgrade scheme would be scrapped.
• Conservatives also claim £3.5 billion of savings by ending hotel use for people who arrive illegally through removals, and they pledge to retain the two‑child benefit cap.
• The Institute of Economic Affairs welcomed the direction but warned pension costs are the key long‑term risk, echoing an OBR warning that the triple lock is unsustainable, while Labour, the Liberal Democrats and development network Bond condemned the plans.