January 03, 2013

We just can't afford the rising welfare bill

Welfare spending has ballooned from £129bn 1997/98 to £208bn in 2012/13 - nearly £1 in £3 of tax raised.

This means the total welfare bill is due to rise to 13.2% of national income during the current financial year.

We can't afford this. No wonder there's no money left.

1 comment:

Mark Wadsworth said...

Cash welfare spending is still only 30% of government spending, 10% for working age and 20% for pensioners. And of course, half the NHS budget goes on treating pensioners as well.

The best things to cut would be the 40% of government spending which is subsidies for chosen businesses in the private sector. Cut that by half and we've eliminated the deficit overnight.