Iain Duncan Smith Resigns as Work and Pensions Secretary

2015 General Election - Cabinet

Iain Duncan Smith, the Work and Pensions Secretary, has resigned following a disagreement with George Osborne, the Chancellor of the Exchequer.

Duncan Smith said in a statement:

“I am unable to watch passively whilst certain policies are enacted in order to meet the fiscal self-imposed restraints that I believe are more and more perceived as distinctly political rather than in the national economic interest,” he said in his resignation letter.

Too often my team and I have been pressured in the immediate run up to a budget or fiscal event to deliver yet more reductions to the working-age benefit bill.

There has been too much emphasis on money-saving exercises and not enough awareness from the Treasury, in particular, that the government’s vision of a new welfare-to-work system could not be repeatedly salami-sliced.

It is therefore with enormous regret that I have decided to resign”.