Away from Liverpool, the big stories of the day are the markets’ reaction to the
putative Eurozone deal, which has been mixed so far, and the Telegraph’s splash about the progress of the Universal Credit, the coalition’s
flagship welfare reform. The scheme is designed to simplify the benefits system and save circa £5 billion a year by reducing the scope for claims to be duplicated and errors made; it is a
crucial cog in the coalition’s plan to make work pay.
James Kirkup reports that the Treasury has apparently put the credit at the top of its “to watch” list of government projects that are at risk of running over schedule, over budget or failing to be launched at all.
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