welfare state since it was set up now looking back now best part of sixty years nearly since the beveridge report which was established the founding principles is that we need a welfare safety net that is provides what beverage himself described as subsistence levels of support and only ideally for a temporary period of time what we've actually seen the growth of the world. is it really possible to imagine a person british society doesn't qualify for some sort of wealth as you might have housing benefit even if you were in work if you've got any kates you qualify for child benefit you may qualify for tax credits if you are a low earner it goes on and on and on we have universal benefits for the elderly if you are a multi-millionaire in your seventy's you get a free bus pass you get if you get winter fuel allowance one athlon individual said to me he'd like to use winter fuel allowance to help him to heat is an indoor swimming pool this is not a welfare state it was a neutral originally imagine this is a welfare state that has got totally out of control because nearly all human activity so

our reforms are just as profound as those of beveridge 60 years ago. he had his great evils to slay. squalor, ignorance, want, idleness, and disease. here are mine. first, unfairness. what are hard-working people who travel long distances to get into work and pay their taxes meant to think when they see families individual families getting 40, 50, 60 thousand pounds of housing benefit to live in homes that these hard working people could never afford themselves? it is an outrage. and we are ending it by capping housing benefit. [applause] the second evil, injustice. here's the choice we give our young people today. choice one, work hard. go to college, get a job, live at home, save up for a flat. and as i've just said, that can feel like forever. or, don't get a job. sign on, do not even need to produce a cv when you do sign on. get housing benefit, get a flat. and then don't ever get a job or you'll lose a load of housing benefit. we must be crazy. so this is what we've done. now you have to have to sign a contract that says: you do your bit and we'll

the s&p monster beveridge of 4.6%. dell computer up 3% and back today. back with more markets.on't go away. melissa: time now for stocks. as we do every 15 minutes let's head to the floor the new york stock exchange. lauren simonetti is standing by. you're looking at some analyst moves today. >> yeah, the moves are good. the stock reaction is mixed. let's talk about wal-mart first. this is your best performing stock in the dow jones today. recently hit an all-time high. the news has been really good on wal-mart lately. now they're getting upgrade to buy at jeffries. also raising the price target there to $88. jeffries sees product constant improvement at wal-mart. >>> linkedin, many ways this is a discussion of the jobs market. if you're in hunt for a job you're likely on linkedin. that is why it is getting a pair of buy ratings. ever core is writing in newer software products and every growing market is a catalyst here. unfortunately the shares are down more than 2% right now but the commentary is good for linkedin. back to you. melissa: lauren, thank you so much. lori: she ha