Ellie Ames Thursday, June 13, 2024

Annual welfare spending to rise by £20bn

Annual welfare spending to rise by £20bn image
Image: Tero Vesalainen / Shutterstock.com

Welfare spending is set to increase by £20.8bn a year by the end of the next parliament, a think-tank has found.

Resolution Foundation based the figure on current policies and caseload forecasts, and said the rise would be driven almost entirely by increased spending on pensioners and those with a health condition.

A report by the think-tank said more than 90p of every extra £1 spent would go on the State Pension and disability and incapacity benefits.

Meanwhile, the roll-out of the two-child limit will push the majority (51%) of large families into poverty by 2028-29, the foundation said.

Its report also found that since 2010, among households receiving benefits or the State Pension, pensioners benefited the most overall, gaining £900 on average, while working-age families have lost £1,500.

Resolution foundation economist Alex Clegg said: ‘Britain’s welfare system has experienced a rollercoaster of ratchets, retrenchment and reform since 2010 that have created a mix of big winners and losers.’

He said that while welfare reform is currently focused on disability-related benefits, the next government would ‘face wider welfare challenges from homelessness to childhood poverty’.

SIGN UP
For your free daily news bulletin
Highways jobs

SEND Strategy and Innovation Admin Support

Essex County Council
£25959.00 - £28621.00 per annum
SEND Strategy and Innovation Admin SupportFixed Term, Part Time£25,959 up to £28,621 per annumLocation
Recuriter: Essex County Council

Digi-go Driver

Essex County Council
Up to £25959.00 per annum
Digi-go DriverPermanent, Full Time£25,959 per annumLocation
Recuriter: Essex County Council

Social Worker

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £52,767
Social WorkerPO... Teddington, Greater London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Senior Lawyer (Adults) - 37 Hours

Torbay Council
£55,437 to £58,525 includes a market supplement of £8,256 per year
Torbay is breathtaking, captivating, and welcoming... Torbay, Devon
Recuriter: Torbay Council

Senior Lawyer (Career Grade) - Childcare Team

Wakefield Council
Grade 10 - Grade 12
We have an excellent opportunity for a qualified legal professional Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner