The Government has been warned that their plan to see
Universal Credit implemented within five years is not “credible”. Lord Freud,
who was being questioned by MPs on the Work and Pensions Parliamentary Select
Committee, said he wants seven million people receiving UC by the “end of 2020”
– despite only 146,000 people being on the system to date. He argued the
project was following an “S-curve”, which meant a “careful start, big ramp, and
then a tail at the end”. Labour’s Steve McCabe said: “If we’re at 146,000 and
we’re at the bottom of the S as it begins to rise, and you want to get to 7
million by May 2020, that would suggest by any standard you’ve got to be near 3
million in less than 18 months time. You’ve got to have a massive escalation at
some point. How is that credible?” Read
more on the Welfare Weekly website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
7 hours ago
