Georgy Osborn (who struggles with maths) said:
Deputising for David Cameron at Prime Minister’s Questions for the first time, the Chancellor revealed new Treasury figures showing that: “We have got 1 per cent of the world’s population, 4 per cent of its GDP, but we undertake 7 per cent of the world’s welfare spending.”
The Welfare Trends report from the Office for Budget Responsibility compares the UK’s benefit spending to that of other European and OECD countries.
The UK has one of the lowest levels of spending on unemployment benefits:
And it seems that if you dig a little deeper, although employment has risen – so has in-work poverty. Where jobs don’t pay much they have to be supported by benefit payments. So, alongside the fall in the proportion of people on out of work benefits, there has been a rise in spending on tax credits and housing benefit.
The working poor now outnumber the unemployed, retired and sick put together. Not only do the in-work poor outnumber the workless, nearly half of them are in families where all the adults have jobs.
With credit to