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Full Fact
fullfact.org
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The Conservatives’ Alternative King’s Speech claimed the welfare bill is higher than income tax receipts “for the first time ever”.
We’ve heard this a few times recently, but it’s not true. Welfare spending (including pensions) has been higher for years.
https://fullfact.org/economy/income-tax-versus-welfare-spending/
2026-05-14T17:28:00.171Z