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Raise wages to cut spending

Cutting benefits is not the way to bring down borrowing

By Harvey Cole  

© Paul Bence

Philip Collins’s article (£) on welfare seems to be written by someone who steadily ignores a herd of elephants rampaging through the room while contemplating how he might deal with a small mouse hole in the corner. The idea that reliance on past contributions set the level of current and future welfare payments is an illusion rather than a panacea. What use…

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