Thursday, October 28, 2010

UK Welfare Spending in One Easy Graph

Time to scotch another Tory myth. Is UK welfare spending at historically high levels, acting like a deadweight around the neck of UK plc and dragging the economy into the gutter? The graph below showing welfare as a proportion of GDP (thanks to Duncan's Economic Blog) suggests not:


The more the Tories lie, the more they expose themselves.

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