Summary
The Conservative Party plans to announce proposals to cut public spending in the UK by £47 billion over five years. The cuts include reducing welfare benefits, overseas aid, and the number of civil servants. These changes aim to address financial concerns and promote fiscal responsibility.
Key Facts
- The plan involves cutting £47 billion from public spending over five years.
- Proposed cuts include £23 billion from welfare, £8 billion from reducing civil servants, and £7 billion from overseas aid.
- The number of civil servants could be reduced by about 132,000.
- The welfare cuts could stop benefits for people with minor mental health issues.
- Overseas aid spending might drop to 0.1% of national income, saving £7 billion.
- The cuts also include £3.5 billion from asylum seeker housing and £4 billion by reserving benefits for UK nationals.
- Some current environmental subsidies, like those for heat pumps and electric vehicles, could also be cut.
