Benefits v bonuses – everybody’s a loser!

As I type these words, this has been a day of defeat for the government. Its bid to cap benefits at £26,000 – forcing some families to face the prospect of losing their homes – has been defeated by the Lords, while in the Commons, MPs totally failed to cap the spectacularly high amounts paid to (for example) bankers. The link between the two is the average amount of pay earned by workers in the UK today. The government says this is £26,000, which Tory MP Margot James seems to…

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