"Data on welfare spending indicates that if single parents were married, welfare spending would drop by 19.3%, saving the UK £23 billion pA." Britain’s ballooning welfare budget is causing controversy. @philippilk thinks he has the answer: Restore the Family. 🧵(1/4)
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(2/4) As part of a new series of ARC Research Twitter Exclusives, @philippilk explains to @benedictrogers the thinking behind his ARC paper: Family Matters: Why Our Choices Determine Our Economic Prosperity Read the full paper 👇 https://t.co/uC0aP94Hc4
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(3/4) Philip’s paper centres around this claim: Economists are not talking about the biggest blockage to growth in the West: family breakdown. What our economies lack is not technology or productivity, but people. Economic growth rests on the number of reliable people in the
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(4/4) Why does this matter right now? Because we can no longer afford another round of governments struggling to eke some growth out of our economies - especially when the root cause is so clear. If what we lack is participants, then we must look at what is keeping people out
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