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It wants to be seen to be taking welfare reform seriously and not be seen as a "soft touch" – by some voters and a more hostile tabloid press.

It's still not clear whether these will involve cutting the extra payments that some people currently classified as having "limited capability for work" receive.

"There's a lot of people out there who might not wear a second-hand wedding dress," said Sandra.

It said the FCA had failed to properly investigate and act on information provided by whistleblowers and it said a transformation programme undertaken by the regulator had "not worked".

But he added: "We're not there yet."