Winter Fuel Payments: A Guide to the Changes
As the new Labour government tries to balance the books, one way it has chosen to cut back on expenditure has been to reduce the amount of the Winter Fuel Payment made to pensioners. In fact, the change is expected to save approximately £1.3 billion this year and £1.5 billion each year hereafter. It’s been a controversial move and has raised concerns about pensioners having to choose between heating and eating during the colder seasons. At the same time, the government has been trying to encourage those eligible for pension credits to take them up and so become eligible for the…
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