Mr Balls argues that if the Conservatives come to power a family living on £40,000 a year will lose £1,789 in lower child benefits (pointing to Tory plans to roll the benefit into the Universal Credit, a single-payment welfare policy from the 2010-15 parliament yet to be fully implemented).
Mark Carney says that Scotland's economy suffers when energy prices fall, but at present this impact is cushioned because the wider economic weakness triggers more 'transfer payments' (welfare payments) to Scotland.
The law would permit discrimination in the payment of welfare benefits.
The third is personal income minus government transfer payments, including welfare, and the fourth is manufacturing and trade revenue.
These welfare payments include payments from Workfare Income Supplement (WIS) and GST Vouchers.
It is important to distinguish costs from monetary transfer payments such as disability and welfare payments.
Deducted from this amount are government transfer payments such as welfare or unemployment payments.
Costs to society do not include social welfare payments or pension payments as they are considered income transfers.
But why should the state pension be treated as a welfare payment?
Housing benefit is the welfare payment most in the firing line under the new proposals.
Turning child benefit into another means-tested welfare payment is stupid economics.
