Explaining the Conservative attitude to social security

alittleecon

Social security has been in the news a lot recently, with speculation about where the Conservatives’ £12bn of cuts will fall. It is thought that tax credits will be targeted, with some saying support to some of the poorest working and out of work families will be cut by up to £1400 per year – a significant amount. This comes after cuts during the last Parliament,including the Bedroom Tax, harsher sanctions and cuts to disability benefits (which are still ongoing judging by yesterday’s protest in Parliament).

But why are the Conservatives doing all this? The stated aim is always “to get the deficit down”, “clearing up Labour’s mess”. Opponents have labelled this “balancing the books on the backs of the poor“, but it’s not really about the deficit. Social security acts as an automatic stabiliser, preventing an economy from sinking too far in bad times. Cutting automatic…

View original post 843 more words