Madeley: "Do you think welfare spendings out of control?"
Maguire: "I don't think its out of control if you look at the total figure.. its only 10.6% of the economy, which is low by European standards"
Singh: "And over half of the welfare budget is pensions, the state pension"
Portes "Theres a lot of nonsense talked, including on Sky, about the spiralling welfare bill.. as a proportion of our national income.. its lower than it was 15yrs ago & its pretty much back to what it was under Thatcher.. this idea its out of control is just wrong"
Spot on!