If the words of the Chancellor George Osborne are to be believed then the Tories WILL be cutting pensioner benefits after the next election. There is no doubt about this whatsoever, writes Joe Halewood on SPeye Joe.
1. What has Osborne said?
Osborne alarmed Duncan Smith and angered Clegg when he said on Monday that £25bn in spending reductions, due to be imposed between 2016-17 and 2017-18, would have to include £12bn in welfare cuts.
In order to achieve the £12 billion of stated cuts to the overall welfare benefit bill the Tories will have to make £32 billion of cuts – the stated £12 billion plus the additional minimum cost of £20 billion per year in Universal Credit.
Anyone care to tell me how the Tories will find at least £32 billion of cuts from the £54 billion working-age welfare benefit bill – a mere 60% cut to the current bill?
The Tories will have no alternative but to cut back on pensioner benefits. They will have to cut them.
The full article goes into the kind of detail you need if you’re going to be convinced, so please visit SPeye Joe and be convinced – especially if you are a pensioner who would be said to be under-occupying if the Bedroom Tax was applied to you.
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