Welfare bill soars as coalition counts cost of austerity drive

Welfare bill soars as coalition counts cost of austerity drive

 

A Guardian article today reveals that the welfare bill has soared in cost, following rises in unemployment.

This highlights the fallacy of the underlying economic argument that the coalition government follows – that by reducing spending, we can reduce the deficit.

In fact, any reduction in the deficit is likely to be offset by rising welfare costs and falling as the economy fails to grow, and quite likely moves back into recession.

 

Why cuts are the wrong cure – False Economy website page with articles and explanations for further reading on the wider economic implications cuts

 

 

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