Savage spending cuts will soar to nearly £9billion a
year, hitting pensioners hardest, a shock report reveals. The study shows PM
David Cameron has broken his pre-election pledge to protect the elderly, with a
quarter of welfare cuts falling on pensioner households. The Tory-led
Government’s biggest cut is a £3.8billion-a-year reduction in pension credit,
which tops up weekly income to a guaranteed minimum. Other cuts include a
£138million-a-year reduction in the value of attendance allowances – paid to
those who look after relatives – and £340million off disability living
allowances for OAPs. A large chunk of the losses comes from switching the
inflation measure used to set benefits each year from the Retail Prices Index
to the lower Consumer Prices Index. Read more on the Sunday Mirror website.
