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Cutting welfare to protect the economy ignores lessons of history, researchers claim
Amid ongoing welfare cuts, researchers argue that investment in health and social care have been integral to British economic success since 1600. Cutting welfare and social care budgets during times of economic hardship is an historically obsolete strategy that ignores the very roots of British prosperity, a group of Cambridge academics have warned. By contrast, the paper argues that a universalist approach of progressively-funded health and welfare spending is an integral part of economic growth, and something that modern states cannot afford to do without.
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