With Iain Duncan Smith setting out the Department for Work and Pensions' general path forward yesterday, we now have a fairly good idea of where those sectors involving the protection and health insurance industry are headed.
Of course, as with most of the coalition Government's plans, it seems serious cost cutting is likely to be taking centre stage. The £6bn of state spending cuts announced so far amount to just about 1% of the total deficit, so if you thought those initial measures were painful, it might be worth going into hibernation for the next half decade. But with the state's largest departmental budget (even surpassing the NHS), the DWP is an obvious choice for cutting back. The benefits and welfare system is a complex and intricate structure (many would say too intricate and complex) that app...
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