"The billionaire chairman of JCB has warned that ministers risk provoking a public revolt over Britain's spiralling £333.7 billion welfare bill, accusing Westminster of "conning" taxpayers by allowing some claimants to pocket as much as £60,000 a year without working."
""I don't think you can get away with people on welfare getting up to £60,000 a year and not working for it. I just don't think you can, in the end," the JCB chairman told The Telegraph. "You could end up with a lot of people revolting or giving up entirely, and then what does that do to our economy? The economy really does depend on people working and us producing things.""
"The Office for Budget Responsibility expects the government to spend £333.7 billion on welfare in the current fiscal year, eclipsing the £331 billion raised through income tax receipts last year. It is the first time in modern British fiscal history that the welfare line has overtaken the single largest source of tax revenue, and the OBR projects the bill will reach more than £406 billion by 2030-31 if left unchecked."
The chairman of JCB warned that Britain risks provoking a public revolt over a welfare bill projected at £333.7 billion, accusing Westminster of conning taxpayers. He said people on welfare could receive up to £60,000 a year without working and that voter patience is wearing thin. He warned that revolt or withdrawal from work could harm the economy, which depends on people working and producing goods. The welfare spending is expected to overtake income tax receipts for the first time in modern fiscal history. The Office for Budget Responsibility projects welfare spending could exceed £406 billion by 2030-31 if current trends continue.
Read at Business Matters
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