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Superannuation

Cut welfare, give savings to defence: UK minister

In a possible warning of political arguments Australia may confront in coming decades when the national budget faces mounting aged care and pension costs, a leading UK government minister has proposed cutting welfare and diverting the savings to the police and armed forces.

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Read more: UKAustraliaPensions Secretary Duncan SmithSuperannuationConservative PartyCut welfareNSW Premier Barry O'FarrellTelegraphUK Liberal DemocratsUK Telegraph newspaperWork