Looking at the figures from the Office of Budget Responsibility the figures are interesting. You can see in this graph that spending on welfare in the UK, contrary to what most people believe is not high compared to GDP. In fact the UK is around halfway in the international league tables.
In the UK welfare spending has been faling from 12.8% of GDP to a predicted 10.8% of GDP 2019-20. Spending on Social Security is remarkably steady overall.
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Monday 19 October, 2015
posted by
Simon Collyer
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