A single credit that will replace the welter of means-tested benefits, including housing benefit, will be introduced “progressively” over two parliaments, Prime Minister David Cameron has said. The PM confirmed a deal had been struck between Work and Pensions Secretary Iain Duncan Smith and Chancellor George Osborne over root and branch welfare reform. Under the changes, a single benefit, or universal credit, will replace housing benefit, income support, incapacity benefit and dozens of other payments. Mr Cameron said it would be “withdrawn at a rate so it’s always worth your while working”. Read more on 24dash.
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