Housing Benefit
In 2011, out-of-work sickness benefits had an annual cost of £13billion: the Chancellor, George Osborne, called this "a very large budget". The total annual budget of the Department for Work and Pensions in the 2011/2012 financial year was £166.98 billion, with the largest slice by far - almost half - being spent on the State Pension, followed by Housing Benefit at slightly under £30 billion. Tax Credits, administered by the Treasury, cost roughly the same as Housing Benefit.