The Government’s failure on social security spending – from Politics Home, by Ed Balls and Rachel Reeves
George Osborne promised to balance the books in this Parliament, but it’s now clear he will totally fail.
As the OBR has said stagnant wages and too many low-paid jobs has led to shortfall in tax receipts and more borrowing.
And now figures from the House of Commons Library show the government has also spent £25 billion more than planned on social security. In other words, if we’d had a welfare cap in this Parliament the Tories would have breached it.
This isn’t because George Osborne and Iain Duncan-Smith haven’t cut vital support for families. They’ve certainly done that. Over the last few years we’ve seen the unfair and cruel bedroom tax, cuts to tax credits for working families and even cuts to maternity pay.
But savings from those decisions have…
View original post 713 more words