Welfare measurement is among the most fundamental questions in economics. Policymakers and others use gross domestic product ...

Luis Armona, Harvard Kennedy School researcher and assistant professor of public policy, believes a better understanding of ...

As welfare accounts for almost a third of public spending in 2024-5, it is inevitably a target when savings are needed. Put ...

The British finance minister announced Wednesday billions in welfare budget cuts to fill a shortfall with stalled growth and ...

Chancellor Rachel Reeves, whose Labour Party has promised an end to austerity, unveiled billions of pounds of new cuts on ...

Ministers say red tape and low workforce participation is stifling economic activity ... last week to rethink her plans to scale back welfare and wider departmental spending, seemingly prompting ...

Britain's Treasury chief, Rachel Reeves, will announce welfare cuts and increased defence spending in her financial update.

Read our full range of economics picks here ... Explain the opportunity cost associated with spending on welfare and defence With reference to the chart, explain why the financial burden of ...