We Are all In This Together

One of the fond notions that supporters of capitalism like to espouse is that times may be hard, but we are all in this together. Indeed Work and Pensions Secretary Iain Duncan Smith has insisted he knows what it is like to "live on the breadline". 'The comment comes after 250,000 people signed a petition urging Mr Duncan Smith to try living on £53 a week. He dismissed this as a "complete stunt", telling the Wanstead and Woodford Guardian he had been unemployed twice in his life. .......... Mr Duncan Smith told BBC Radio 4's Today programme on Monday, the day the changes came into force, that he could survive on £53 a week.' (BBC News, 2 April) This was the amount another speaker on the show - market trader David Bennett - said he would be left with.' Dom Arvesano, who was behind the petition commented: '"This would mean a 97% reduction in his current income, which is £1,581.02 a week or £225 a day after tax." This is a gigantic fall in his present standard of living and we note despite his courageous boast of how he could survive on £53 a week he has declined the petitioners challenge to live for a year in such penury. RD