Wednesday, 26 May 2010

Tackling The Welfare Problem

Burning Our Money:

"My Government’s legislative programme will be based upon the principles of freedom, fairness and responsibility...

The tax and benefits system will be made fairer and simpler... People will be supported into work with sanctions for those who refuse available jobs and the timetable for increasing the State Pension Age will be reviewed."

Thus spake Her Majesty today.

As we mentioned a couple of days ago, the welfare bill is now running at £200bn pa, around 15% of GDP, and increasing rapidly. The chart above shows how it has soared over the last century since the Liberals began the huge expansion of welfare just before WW1. More...


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