It was the poor what done it.

From George Osborne’s Morrison’s speech:

In 2010 alone, payments to working age families cost £75 billion.

That means about one in every seven pounds of tax that working people like you pay was going on working age benefits.

To put that into perspective – that’s more than we spend on our schools.

That’s one reason why we’ve got such a big deficit.

From the BBC: ”

HBOS collapsed in 2008, wiping out shareholders, costing thousands of jobs and forcing a £20.5bn taxpayer bailout.

So in 2010, benefits (what benefits? Tax credits? Payments to top up criminally low wages?) to working age families cost four times the amount that a set of incompetent bankers cost us.

I can’t help feeling that the benefits may be better value.

But yes, it’s definitely the poor what done it.