The House of Lords Economic Affairs Committee highlighted a concerning trend in spending on disability and incapacity benefits, which has soared 40% since 2013, reaching £64.7 billion. This alarming increase is now 20% more than the annual spending on the Armed Forces, underscoring a significant fiscal challenge for the government.
In a stark warning, the Committee indicated that if left unchecked, the spending on these benefits could balloon to £100 billion by the 2029-2030 financial year. This trajectory not only raises concerns about financial sustainability but also jeopardizes broader government economic plans.
George Bridges, the Conservative chair of the cross-party committee, emphasized the urgency for reforming both the unemployment and health-related benefits systems, suggesting an immediate need to address the complexities in how these systems interact.
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