The work and pensions secretary has attacked the tax credit system put in place by Labour, saying it had resulted in "a sorry story of dependency, wasted taxpayers' money and fraud".
Writing in the Daily Telegraph, Iain Duncan Smith said the credits - to top up the incomes of the lower-paid - were "haemorrhaging money" ... He said fraud and error in the system under Labour had cost £10bn.
"This Government is returning fairness to the welfare system," Mr Duncan Smith claims
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Wednesday 2 January 2013
i-thorts' i-Politics: Iain Duncan Smith condemns tax credits as 'not fit for purpose'
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