Social security spending by the Department for Work & Pensions has been £25 billion higher than George Osborne planned in this Parliament, according to new analysis.
The figures were commissioned from the independent House of Commons Library by Labour’s Shadow Chancellor Ed Balls and Shadow Work and Pensions Secretary Rachel Reeves.
The figures cast serious doubt over George Osborne’s ability to deliver promised savings in social security spending in the next Parliament.
Having failed to balance the books George Osborne is now talking about £12 billion more cuts to social security after the election. But these figures show he’s over-spent by more than twice this amount in this Parliament.
A key cause of the Tories’ overspending is their failure to make the economy work for working people, leaving thousands more reliant on housing benefit, as well as mismanaged reforms at the DWP.
Analysis of official figures shows that:
- The Tories have overspent by £1.4 billion on housing benefit for people in work – an amount over four times the amount they have saved in housing benefit from people moving into work.
- The number of people needing to claim housing benefit in work to make ends meet has increased by over fifty per cent since 2010, and is set to double by 2018/19.
- The government has spent over £8 billion more than they planned on incapacity benefits due to their chaotic delivery of reforms and failure to help disabled people into work.
- Delays to the delivery of the Personal Independence Payment have meant not only uncertainty for thousands of disabled people, but a mounting cost to the public purse, with £1.7 billion more spent than planned over the parliament.
- And £130 million has been wasted on failed IT for Universal Credit, which is still only reaching less than one per cent of its intended caseload.
Read More: press.labour.org.uk