Labour's Budget: £140K for Working One Day
Update: 2025-12-27
Description
Labours Budget Proposal: A Deep Dive into the Impact on Benefits and Work IncentivesThis episode explores the implications of Labours decision to scrap the two-child benefit cap, potentially allowing parents working just one day a week to receive the equivalent of £140,000 in benefits. The analysis focuses on a couple with three children in London earning around £10,000 per year, who could receive nearly £76,000 in benefits, surpassing the UK median full-time salary. The proposal has sparked criticism from Conservatives, who argue it rewards minimal work over modest wages and undermines work incentives. The change is expected to benefit 470,000 larger families at a cost of £3.2 billion per year to taxpayers.
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