How Osborne’s Austerity Is a Wealth Transfer to Germany
The Tories will claim to have saved about £30 billion from welfare spending by 2019. But to achieve this they will take this money from the poorest in society. Refer to http://www.theguardian.com/politics/2015/mar/19/george-osborne-cuts-30bn-eliminate-deficit-2019-welfare-squeeze
To survive this, the poorest in Britain have changed their shopping habits. They stopped shopping in Tesco, the Co-operative and Sainsburys and switched to Aldi and Lidl. So now they are spending a little less on groceries and clothing — but with different shops. So what I hear you say!
The problem is that Sainsburys, the Co-operative and Tesco bought a lot of their produce from British farmers and food manufacturers whereas Aldi and Lidl buy from Europe — and primarily German produce. In 2015 Lidl had record turnover of £4 Billion. In 2014 Aldi reported a turnover close to £7 Billion. That’s £11 billion pounds each year that largely now buys German produce — not British. By 2020 that will be £55 billion spent with German farmers and food manufacturers.
So to save his £30 billion in welfare Osborne has not only removed this from the poorest in society but will have removed over £55 billion from UK farmers and food manufacturers and transferred this wealth to Germany by 2020.