Squaring the circle: how can welfare reform achieve a more reciprocal benefits system?

Document type
Wind-Cowie, Max
Date of publication
22 January 2013
Poverty Alleviation Welfare Benefits and Financial Inclusion, Social Policy
Social welfare
Material type

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The British welfare state is confronted by three interconnected and intractable problems: declining public support; relative ungenerosity (particularly for those on middle incomes); and imposing too high a cost to the Exchequer. In order to sustain and rebuild public support for a welfare settlement, the Government must find ways of addressing these tensions between generosity, reciprocity and public trust.

Squaring the Circle looks at the role that policymakers can play in addressing these tensions, through driving financial literacy, promoting the take-up of insurance products that boost financial security and highlighting the everyday financial risks to which we are all exposed

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