Lord Freud responded that the NAO acknowledged the coalition's scheme addressed "significant weaknesses" of previous programmes.

BBC: Work Programme stats due in August, minister says

Implemented with the support of the Office of Her Highness Sheikha Moza bint Nasser, first lady of Qatar and UNESCO special envoy for basic and Higher Education, this new project brings new hope to disadvantaged Iraqi children and builds on the achievements of previous programmes conducted by UNESCO in Iraq.

UNESCO: OFFICE FOR IRAQ

Morgan Stanley notes that two of the previous Fed programmes have been launched when the equity market has been falling sharply (see chart).

ECONOMIST: How asset prices react to quantitative easing