DWP confirm £40m write-off for Universal Credit IT

The Department for Work and Pensions has confirmed that £40.1 million had been written off on software and computing costs during the introduction of the new Universal Credit system.

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Annual accounts will show £40.1m write-off for Universal Credit IT which includes the £34m we previously announced

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Re discussion of £90m IT today - we will be using this while we continue to roll out UC over the next five years. Not a write-off.

Watch: Iain Duncan Smith: Benefit reform not a debacle

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Minister: Benefit reform not a debacle

The Work and Pensions Secretary Iain Duncan Smith has denied the Government's flagship welfare reform programme, the Universal Credit, is a "debacle" despite admitting that more than £40 million spent on IT for the project had been written off.