Surely expenditure on pensions and benefits can be an investment in the classic sense of the word. It provides a decent level of income that enables people to be properly fed and housed and to engage in social activity. The payback from that investment will be that those people will live longer lives. So there is a payback from such expenditure, which can properly be classified as an investment.
Amendment of the law
Proceeding contribution from
David Leslie Taylor
(Labour)
in the House of Commons on Wednesday, 22 April 2009.
It occurred during Budget debate on Amendment of the law.
Type
Proceeding contribution
Reference
491 c305 
Session
2008-09
Chamber / Committee
House of Commons chamber
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