Paul Johnson: BBC miscalculated rise in welfare spending due to tax credits exclusion

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Mikhail Vnuchkov

1 hour ago

Paul Johnson: BBC miscalculated rise in welfare spending due to tax credits exclusion — BBC overstated welfare spending increase

Paul Johnson questions the accuracy of a recent BBC report on working age welfare spending, stating that the broadcaster incorrectly claimed spending had increased significantly.

He explains that the BBC failed to include tax credits in their calculation, and when tax credits were replaced by universal credit, it appeared as a large spending increase rather than a cost-neutral policy shift.

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Johnson has previously argued that subsidising prices to address supply shocks is unsustainable and has cited stagnant growth as a key factor in the cost of living crisis, according to a recent warning. He has also called for governments to prioritise welfare and contended that abolishing stamp duty could support economic growth. These positions come amid ongoing public debate over welfare spending and economic policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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