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Labour have released a video which explains in simple terms how austerity is failing Britain.

The clip explains how cutting peoples' wages leads to them spending less and that in turn leads to job losses in other industries.

It uses the example of a teacher's salary falling because of austerity.

She and her partner then decide to tighten their belts on food spending which results in them going out to eat less.

This in turn impacts the local restaurant whose takings are down and they respond by cancelling planned renovations which hurts the builders they were going to employ.

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The politician who instigated the cuts sees that the economy is suffering because people aren't spending and decides the answer is more cuts to make up for the loss of tax revenues.

The whole cycle is then ramped up again leading to further cuts for the teacher with a predictable knock on effect on the restaurant to the point where a builder who has had his hours cut has to rely on working tax credits i.e. money from the taxpayer rather than wages.

The video was originally shared by Jeremy Corbyn with the comment "Austerity doesn't work".

Labour oppose the Tories' austerity agenda and instead believe in using investment to boost the economy.