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To: George Osborne, Chancellor of the Exchequer
Publish corporate benefits and cut them before social benefits
George Osborne: publish details of the extent of corporate benefits, benefits given to rich corporations estimated to be at least £85bn, and consider cutting this benefits bill instead of the welfare bill.
Why is this important?
Repeatedly the benefits bill has been discussed by politicians and the media as being too large that we cannot afford it, despite it including housing benefits, pensions, disability allowances and job seeker's allowance, all of which help the poor, old, sick and unemployed in a time of need. The details of these social benefits are well known and publicised. The Conservatives have just promised to freeze this benefits bill to help cut the budget deficit if they are elected at the next election.
Recent research published in the Guardian [1] has shown that at least £85bn was given to large corporations by the government to help make the rich richer in the financial year 2011-12 alone, but with the budget deficit we just cannot afford it. This information was hidden; it is about time that the government publishes the amount given in corporate benefits - so called wealthfare - and starts considering this costly expense as an area to cut to reduce the budget deficit instead of welfare because the poor cannot cope with anymore cuts.
We are all in it together, as Prime Minister David Cameron keeps saying. We've cut social benefits, it's now time to cut corporate benefits.
[1] Aditya Chakrabortty, "Cut benefits? Yes, let’s start with our £85bn corporate welfare handout", The Guardian, Monday 6 October 2014 20.30 BST, www.theguardian.com/commentisfree/2014/oct/06/benefits-corporate-welfare-research-public-money-businesses.
