The reality may be that much of the value generated by the digital economy is not captured by official statistics, and thereforeleaves our countries unnoticed and ends up in the accounts of offshore companies.
However there is no justification for doing this in a way which imposes harsh cuts in benefits from the outset and leaves local authorities - and therefore benefit recipients - vulnerable to further cuts because they have to take the downside risk of any increased expenditure caused by additional benefit claims in year.