– Simon Walker, Director General of the Institute of Directors
The Prime Minister is absolutely correct to start this debate on the welfare system. Reducing the amount the state spends on benefits is imperative if we are to set our country’s finances backon the right track.The rising cost of an ageing population means that we need to get a grip on spending before it is too late.
However, the Prime Minister should be aiming for wholesale reform rather than changes in a few selected areas. There can be no sacred cows, and means-testing benefits like free TV licences and bus passes for the elderly should also be considered.
The Prime Minister has revealed plans for housing benefit to be cut for people aged under 25.