This is a great post. It is something I was considering writing about, but the author of this is – it seems – more informed than I am and this post explains the issue more clearly and convincingly than I could have done.
Cuts to welfare spending seem to be in the headlines daily nowadays. Every time a bad bit of economic news is announced (which is often), the prospect of yet more welfare cuts seems to raise its ugly head. Just this week, following the terrible Q4 growth figures, there was a story in the Independent about certain ministers who are pushing for further cuts to welfare.
There are a number of issues around welfare which are regularly discussed. These include ‘fairness’ and ‘making work pay’. A lot has been written on both sides of the arguments on this, so I’m going to focus on the likely economic impact of welfare cuts.
Now a key argument on welfare cuts is that the deficit needs to come down and everyone needs to contribute (we’re all in this together…
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