Forum Topic

"The annual cost of UK welfare benefits for the year 2024/25 was forecast to be around £313 billion, with the Office for Budget Responsibility (OBR) projecting this figure to increase to approximately £373.4 billion by 2029/30. The largest portion of this expenditure is allocated to pensioners, accounting for nearly half of the total budget, which covers the State Pension, Pension Credit, Winter Fuel Payments, and pensioner housing benefits. Welfare Spending TrendsOverall Expenditure: The UK's welfare spend is significant, forecast at £313.0 billion for 2024/25, representing 10.9% of GDP, according to the OBR. Future Projections: Spending is expected to rise substantially to £373.4 billion by 2029/30. Key Drivers of Spending:Pensioner Spending: This accounts for the biggest share, projected to reach £181.8 billion by 2029/30. Working-Age Benefits: The rollout of Universal Credit and rising costs of health and disability-related benefits contribute significantly to the overall welfare bill. Breakdown of the Welfare Budget (2024/25 figures)Pensioners: Approximately £150.7 billion was spent on benefits for pensioners.Working-Age Individuals: Just over £123 billion was spent on benefits for people of working age. Disabled People and Health Conditions: Around £70 billion was allocated to support for disabled people and those with health conditions." (AI) Looks like the pensioners are the main problem. What shall we do? Apart from die?And Working-Age Benefits, what about them? We can't expect the poor employers to pay more, can we?

David Ainsworth ● 34d