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'£34m wasted' on welfare reform

Government attempts to set up its flagship Universal Credit scheme have not achieved "value for money" and have already wasted £34 million, according to a damning report by the National Audit Office.

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IDS: Universal credit will come in on budget and on time

The introduction of Universal Credit will not come in over budget, the Work and Pensions secretary told Daybreak, despite a report which exposes a botched £34 million IT programme.

Iain Duncan-Smith was "adamant" his flagship benefit reform, which replaces Jobseekers Allowance and Child Tax Credit among others, would come in within budget and on time.

He agreed with the criticisms published in the National Audit Office (NAO) report, but said they had been identified already within the department and dealt with.

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