Quote of the day: Iain Duncan Smith condemns tax credits

In the Telegraph, the Work and Pensions secretary attacks Labour's welfare record.

Writing in today's Telegraph - and underneath a mildly terrifying photograph - Iain Duncan Smith claims that the Tories have "brought fairness back to welfare".

This Government is on the side of hard-working taxpayers, the people across the country working in the private and public sectors who have seen their pay frozen or cut, as businesses have struggled to keep them in work. And all the while these people have watched those on tax credits or benefits see their income rise, outstripping their earnings.

Labour called the comments a "cheap political attack" and referenced an unnamed Cabinet minister, who the Mail on Sunday reported as telling friends that the planned universal credit system championed by Duncan Smith was a "disaster waiting to happen". "The information technology for the new system is nowhere near ready," the minister reportedly added.

Iain Duncan Smith. Photo: Getty

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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Lord Sainsbury pulls funding from Progress and other political causes

The longstanding Labour donor will no longer fund party political causes. 

Centrist Labour MPs face a funding gap for their ideas after the longstanding Labour donor Lord Sainsbury announced he will stop financing party political causes.

Sainsbury, who served as a New Labour minister and also donated to the Liberal Democrats, is instead concentrating on charitable causes. 

Lord Sainsbury funded the centrist organisation Progress, dubbed the “original Blairite pressure group”, which was founded in mid Nineties and provided the intellectual underpinnings of New Labour.

The former supermarket boss is understood to still fund Policy Network, an international thinktank headed by New Labour veteran Peter Mandelson.

He has also funded the Remain campaign group Britain Stronger in Europe. The latter reinvented itself as Open Britain after the Leave vote, and has campaigned for a softer Brexit. Its supporters include former Lib Dem leader Nick Clegg and Labour's Chuka Umunna, and it now relies on grassroots funding.

Sainsbury said he wished to “hand the baton on to a new generation of donors” who supported progressive politics. 

Progress director Richard Angell said: “Progress is extremely grateful to Lord Sainsbury for the funding he has provided for over two decades. We always knew it would not last forever.”

The organisation has raised a third of its funding target from other donors, but is now appealing for financial support from Labour supporters. Its aims include “stopping a hard-left take over” of the Labour party and “renewing the ideas of the centre-left”. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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