Owen Smith, Labour’s Shadow Work and Pensions Secretary, commenting on Iain Duncan Smith’s interview on the Andrew Marr show, said:

“The Conservative Party is tearing itself apart over an unfair Budget. David Cameron and George Osborne’s claim that ‘we’re all in this together' now lies in tatters.

“No-one will believe Iain Duncan Smith’s sudden change of heart. After all this is the man who introduced the Bedroom Tax. But what his comments do reveal is growing anger within the Conservative Party about George Osborne’s management of the economy.

“The Chancellor’s unfair Budget is falling apart at the seams. George Osborne now needs to urgently clarify whether these cuts to disability benefits will go ahead and, if not, how he will make up for the huge hole in his Budget.

“Jeremy Corbyn is right. Iain Duncan Smith’s resignation is a symptom of a wider problem made at the Treasury. George Osborne should take responsibility and resign. He has failed his party, failed the economy and failed our country.”

Ends