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Universal credit set to cost £1.25bn

Botched reforms designed to curb Britain’s benefit bill are set to cost the government a whopping £1.25 billion, Labour warned yesterday.

Ministers had claimed that one million benefit claimants would be on the new universal credit system by the end of this year, but so far only 12,000 have made the transition.

The means-tested credit is due to replace benefits including income support, housing benefit and child tax credits.

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