Overview

• The plan identifies £47bn in annual savings, led by a £23bn reduction in welfare spending that would curb Personal Independence Payments for milder mental-health conditions and tighten Universal Credit rules.
• Non‑UK citizens would be barred from most benefits and social housing under the proposals, with EU settled‑status holders exempt and officials estimating roughly 470,000 current Universal Credit claimants would be affected.
• Further measures include cutting overseas aid to 0.1% of GDP to save about £7bn, reducing the civil service by around a quarter to save roughly £8bn, and scrapping subsidies such as heat‑pump grants and other green levies.
• Stride paired the cuts with targeted tax relief, including a £5,000 national insurance rebate for first‑time full‑time workers to build a deposit for a first home, and pledged no unfunded commitments.
• Positioning against Reform UK, Stride accused Nigel Farage’s party of "marching to the left" with unfunded promises, as Labour and the Liberal Democrats attacked Reform in their conferences and critics questioned the feasibility and social impact of the Tory plans.