Advertisement

  1. National

Billions 'lost in tax credit fraud'

More than £10 billion of public money has been lost in fraud and error under the tax system put in place by the previous Labour government, according to Work and Pensions Secretary Iain Duncan Smith.

View all 4 updates ›

'£10 billion lost in fraud and error' under Labour tax system

Iain Duncan Smith claims more than £10 billion of public money has been lost in fraud and error under the tax credit system put in place by Labour.

In a scathing attack on the welfare model of the last government in today's Daily Telegraph the work and pensions secretary said tax credits were "not fit for purpose", and that the system was "wide open to abuse" and "haemorrhaging money."

More top news