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Osborne said he'd listen, but was "determined to deliver that lower welfare economy the British people want to see.
What we need to do is move from being a low wage, high tax, high welfare economy to a higher wage, lower tax, lower welfare economy.
Work and Pensions Secretary Iain Duncan Smith opened the debate by insisting cuts would help the poor and move Britain from a "low wage, high tax and high welfare economy to a higher wage, lower tax and lower welfare society.
Mr Osborne's stated aim is to move the UK from a low wage, high tax, high welfare economy to a higher wage, lower tax and lower welfare economy.
Colne Valley Tory MP Jason McCartney claimed the Budget delivered security for working people and kept Britain moving from a low wage, high tax, high welfare economy to a higher wage, lower tax and lower welfare country, adding: "The new National Living Wage and tax cuts for working families will boost take-home pay for those who work hard and want to get on in life.
In addition, it is reported that the country has up to $750 billion in foreign exchange reserves and therefore can easily absorb the lower price of oil -- revenues which form the backbone of its welfare economy -- for a sustained period and outlast more expensive producers of oil.
Despite steady fall in oil prices, the government has not reduced spending on schemes and projects for public welfare, but rather has unveiled the largest budget in its history, which experts say will play a vital role in supporting the welfare economy of the Kingdom.
An economy where the regulatory and supervisory agencies are effective and the elected government answers to the people rather than monopolies is a public welfare economy.
The main goal of the program is building effective cooperation between industry, academia, and research centers to address the research and development needs of the Lebanese industry, empowering the industrial sector with innovations leading to the promotion of competitiveness and productivity, and achieving a transition from a welfare economy to a knowledge-based economy.
The Port Augusta case" in Frances Morphy and Will Sanders (eds), The Indigenous Welfare Economy and the CDEP Scheme, CAEPR Research Monograph No.
If Sweden's welfare economy is to continue its surprising growth, the government must revisit some of its policies and adapt even further.
Professor Jon Altman (2005:44) suggested that the choice is not limited just to the market and/or welfare economy but that there is a tendency by all to ignore the Aboriginal customary sector in the modern economy; and that this sector's direct and indirect linkages had important commercial potentialities.

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