05 January 2014

On the one hand ...

The size of the state pension will be maintained:
The prime minister has vowed to guarantee annual increases in the state pension until 2020, and marked them out as the only welfare spending to be exempt from the forthcoming cap if the Conservatives win the next election.
On the other hand, don't expect any cheer on other old age benefits:
David Cameron's pledge aims to reassure older voters that their payouts will continue to rise in line with inflation despite a squeeze on other benefits such as winter fuel payments, TV licences, and free bus passes and prescriptions.
Somehow, I don't believe that pensioners will be terribly pleased ...

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