AND THEY'RE BOTH JUST THATCHERITES:

Mr Duncan Smith's reforms, far from being a decisive break with the past, are merely the last staging post in the welfare state's long transformation from a system of social insurance to one of straight state handouts, universally applied regardless of contribution. Government-sponsored saving has given way to just another form of redistributional indulgence. Both recipients and donors are left with no discernible stake in the system. Mr Duncan Smith can therefore reasonably be regarded as more the heir of Gordon Brown than William Beveridge.

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