• 4 months ago
Rachel Reeves outlines five 'serious errors' in the Tory manifestoPA

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00:00Today, I want to address directly the costs of the Conservative Party manifesto.
00:05The money is not there.
00:07First, they have spent much of the first three weeks of this campaign pushing their national
00:11service proposal, but their costings for their plan omit the costs of equipment, accommodation
00:19or training of the 30,000 new military recruits.
00:24On any reasonable assessment, that plan will cost double their costings.
00:29Second, the Tories claim that their crackdown on tax avoidance and evasion would raise £6bn.
00:36But the truth is, despite trying to mimic Labour's plans, they have failed to account
00:41for the near £900m of investment needed to meet their pledge.
00:46Third, the Tories claim that they can make more than £1bn of efficiency savings from
00:51government agencies, but the truth is they have provided absolutely no detail whatsoever.
00:57This is not a credible plan.
01:00Fourth, the Tories claim that they can raise £1bn from scrapping poor-performing university
01:05courses, but the truth is, because they have no plan to cap the number of student places,
01:11that falls apart if students simply choose to study a different course.
01:16And fifth, the Tories claim that they can make £12bn in savings in welfare, but the
01:22truth is that claim is simply not credible.
01:25It is true that under the Conservatives, the welfare bill has spiralled.
01:30Since 2019, spending on benefits to support disabled people and those with health conditions
01:35has risen in real terms by £20bn.
01:39And under Rishi Sunak as Prime Minister, the taxpayer has been losing £1bn every single
01:44hour to benefit fraud and error.
01:47That is their record.
01:49And there are savings to be made.
01:51But the idea that the Conservatives' proposals can save £12bn is pure fiction.

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