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Welfare Reform. Why welfare reform?. Culture of welfare benefit dependency Work is good for you Lack of personal responsibility The cost is getting out of control… Benefits spending increased 45% in decade to 2009/10 Currently around £207,000,000,000 per annum
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Why welfare reform? • Culture of welfare benefit dependency • Work is good for you • Lack of personal responsibility • The cost is getting out of control… • Benefits spending increased 45% in decade to 2009/10 • Currently around £207,000,000,000 per annum • Income tax only yields £155,000,000,000 per annum! • £1.60 spent on social security for every £1.00 on health • Welfare reform cuts concentrated on working age people • But 65% of all benefit spending is on those over working age • 47% of total social security spend goes on older people
Saving £18 billion pa by 2014/15… Following cuts predicted to help deliver the goods… • £5.8 billion due to switch to CPI indexation • £3.6 billion from CB freeze (since amended) • £2.6 billion for tax credits cuts • £1.9 billion from HB cuts • £1.2 billion from DLA reform • £1.2 billion from time limiting CBESA