It seems I was wrong earlier; according to this rag, the UK welfare bill is forecast to reach 400 billlion (!!!) by 2030, not 100 billion as I thought previously. Getting rid of your manufacturing is also a very expensive exercise.
Quote:-
"Britain is heading towards a £400billion-a-year welfare bill, with one in every four pounds spent by the Government soon to go on benefits. The staggering figure, more than the entire defence and policing budgets combined, emerged in the aftermath of Rachel Reeves’ Autumn Budget on Wednesday.
According to forecasts from the Office for Budget Responsibility, welfare spending will soar to around £406billion by 2029-30. Total Government expenditure is projected to hit over £1.5trillion, meaning 25.1% of all public spending will be swallowed by welfare by the end of this Parliament."
Even I can't believe that number; but apparantly that is an official government forecast, from the "Office for Budget Responsibility". Now you know why we only have one seaworthy destroyer left in the navy.
So... protecting your home industry behind a tarrif wall is expensive, true. You probably end up paying more for your toaster in wal-mart or tescos.
But so is offshoring all your industry and throwing all your workers onto the dole, and you lose your strategically important industrial base into the bargain.
Then you'd better not get into some sticky international situation, where you need to start making stuff again in a hurry...
