Iain Duncan Smith has been accused of a cover-up after denying cash has been lost in his struggle to introduce Universal Credit.
The Work and Pensions Secretary told MPs “no money has been wasted” as he rolls most working age benefits into one.
But Labour said: “This is a lie to cover up the failures of the Universal Credit programme.” And they insist that to avoid misleading Parliament Mr Duncan Smith must issue a correction.
Last year’s Department of Work and Pensions annual report said £40million has had to be written off.
And it predicted another£91million is set to be poured down the drain.
Shadow Work and Pensions Secretary Rachel Reeves said: “He has serious questions to answer over the millions of pounds of taxpayers money that has been wasted. It’s time for ministers to give straight answers and to finally get a grip of this failing project.”
A DWP spokesman said last night: “Universal Credit is already making work pay in one in ten job centres and will be rolled out nationally from next year.
“When fully in place the economy will benefit by £7billion each year.”
If and when this welfare reform is “fully in place” what will be the true cost and true price?.”