The Prime Minister has often repeated the mantra that we are “all in this together." It is time to make that analysis more credibleby William Mosseri-Marlio / November 25, 2015 / Leave a comment
Today, the Chancellor will deliver his Autumn Statement. Among his announcements is expected to be mitigation for the planned Tax Credit cuts. Rejected by the House of Lords, the cuts have rightly been criticised across the political spectrum. Any mitigation will, however, come with a price tag. As the Work and Pensions Select Committee have argued, in closing that savings gap the Chancellor should avoid further hitting working people and instead look at the “generational balance of welfare expenditure.” They are spot on. Addressing the generational chasm in welfare is essential to ensuring a fair and sustainable system—and it can deliver savings.