Thursday, March 7, 2013

David Cameron vows to 'stay the course' with cuts programme as it is revealed more than 20% of everyone's income tax bill goes straight to benefits

New Treasury figures show how the average worker pays £1,166.32-a-year to fund working-age benefits, while £369.91 goes on paying debt interest. David Cameron today defended cutting welfare spending, saying the country would not be able to afford to fund care for the elderly if the nation is 'squandering billions on welfare for people who could work'. Speaking in West Yorkshire, Mr Cameron said there was no 'magic money tree' that allowed the Government to spend and borrow more.