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So, at the moment, I pay £1.00 per week more on my insurance than I potentially should (I only have the insurers word that this is the reason my premium is inflated by this sum and have seen no evidence to support their contention (and nor have I seen my premium fall by a similar amount despite all of the reductions to solicitors costs since 2010)) but if the small claims limit rises, hundreds of firms will go bust or slash their work force, creating mass unemployment. These bodies will not be absorbed into other firms as there will not be enough work to go around.

I'm a bit out of touch with the current benefits system, but I anticipate that Job Seekers Allowance for one person for one week is more than £1.00 (and is probably closer to £45.00?). I'm no mathematician but £45.00 is greater than £1.00 and when that is multiplied up by all of the people who are now claiming benefits, the amount I will have to pay in tax to support these people will be more than £1.00 a week won't it? I am not including in this figure the ancillary suppliers (such as the office supplies company, the printing firm, the IT contractors, the photocopier sales company) who will also either have to downsize (and lay off people) or shut up shop and nor am I taking into account the effect on the disposable income of the owners of such businesses and how the reduction in their disposable income will affect other businesses that they used to spend money with and so on and so forth.

So, by pandering to the insurers whim, Osborne will create mass unemployment and drive the economy backwards, all so I can say a quid a week on my insurance? Thanks but no thanks.

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