If Kemi Badenoch is supposed to be doing the showy stuff, then Stride is the unglamorous details man. Suspend your disbelief and buy in to the science fictional conceit that the Tories can win an election. Their next government would make £47bn worth of cuts. £23bn would come from cutting sickness-related social security support. Stride has decided that people with mental health conditions like depression, ADHD, and anxiety merit deserve no support at all. Presumably, work is the silver bullet that would vanquish these illnesses. Our old friend civil service cuts are back for another tour of duty, sacking 132,000 people and returning the state bureaucracy to the size it was in 2016. You know, when it was so stretched it famously did less planning for Brexit than the Japanese government. This represents an "evolution" of Badenoch's deep thoughts, who last year was merely interested in more efficient admin. This would yield £8bn in "savings", with the rest coming from reducing overseas aid further, tying benefit eligibility to citizenship, cutting environmental commitments, and scrapping hotel accommodation for refugees.
And this hodgepodge pays for what carrots? The reversal of Rachel Reeves's increase in employers' National Insurance contributions is front and centre. Allied to this is a promise to scrap business rates up to a limit of £110k/year for retail, hospitality, and leisure. Taken together I'm sure small independent traders would welcome this so don't be surprised if Labour half-inches some of this, especially nearer to the next general election. And what about young people? The Tories have spent years scratching their heads and wondering how to attract layers of younger people to whom they are repulsive. And their answer is ... a £5,000 cash hand out. This would be a tax rebate for new workers in their first job. What would have been NI payments can be cashed in after five years and spent as they see fit. Don't ask what this could mean for state pension eligibility later on.
At the end of his speech, Stride got a bit overexcited, castigating the doom-mongering of the other parties and claiming the mantle of hope for the Tories. Which was as audacious as it was a waste of time, seeing as no one was watching. While Badenoch and co. have gone off the war on woke deep end, the shadow chancellor has stayed firmly on the ground of traditional Tory economics. A little something here for small business, an eye-catching bribe for a wider constituency - in this case, young people. And all paid for by robbing the futures of the beneficiaries of this policy, stripping out state capacity, and promising to govern like Rishi Sunak. If you remember him. Unfortunately for the Tories, conservatism here means being out of step with political realities. British capital needs a stronger, more reliable state that can do things. And despite the best efforts of Labour to dampen expectations, this is what its diminishing support and expanding former voters want to see. As does the bulk of Reform's support when the racist circus orchestrated by ringmaster Farage isn't at the forefront of their minds. The Conservatives are nowhere near where the punters are.
You could make the case that Stride's speech was as much about consolidating the Tory base as whatever rubbish Badenoch has stored away for her main conference address. But all the same, while the Tories are party to the racist and anti-democratic consensus uniting Labour and Reform on immigration and "social conservatism", they are outsiders on the economic questions of the day. So no, Stride didn't offer any credible salve for his severely wounded party. Compounded by an inability to see how and why the Tories are broken.
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