William Vereker attributed Britain's soared benefits bill and long-term worklessness to weak numeracy and poor grasp of financial fundamentals, indicating an urgent need for improved education in these areas.
Vereker explained that people often underestimate the long-term benefits of gaining employment because the immediate increase in income from work seems negligible compared to benefits.
He criticized UK schools for lacking practical financial education, suggesting that this inadequacy leaves young people unable to recognize the value of steady employment over state aid.
The rise in long-term sickness claims highlights the dependency on welfare, prompting initiatives aimed at reforming job centers and providing opportunities for young people to avoid prolonged unemployment.
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