Unbundling the Welfare State

Type: Reports Written by Professor George Yarrow | Friday 22 November 2002

Alistair Darling must confine the government to the relief of poverty and allow the private sector to take up the task of providing basic pensions an social security benefits. The welfare state has become riddled with compleities, inconsistancies and perverse incentives that it now positively discourages low-income families against savings and insuring themselves for future needs. Professor George Yarrow of Oxford University, who wrote the report, states that means testing is like a tax on personal saving and that the government must focus on improving the market. the true welfare elemnt needs to be rediscovered from the waste the nhs has become.

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