Naomi...I don't.
I am on record as saying, many times on AB, that I deplore the lazy and feckless. But the people that are going to be affected by proposals in the Budget are mostly the working poor, not the layabouts. The working poor are exactly the people that we should be applauding, the ones that go out to work but get paid so badly, that some support is needed.
That is why WTCs and CTCs were introduced in the first place. By making cuts in these benefits, without first raising the Minimum Wage, will only encourage people not to work, or not to work so many hours.
Osborne could have a much better stab at this problem, by raising the minimum wage by a substantial amount, but instead he has seen it necessary to introduce this new, so-called "living wage" which will not have the same desired result at all. To repeat yet again, its smoke and mirrors.