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Rishi Sunak’s Spring Statement leaves pensioners facing more misery and poverty

7 0 0
23.03.2022

The Chancellor is to be congratulated for his bold moves to help working families, businesses and investment. But it is disappointing that the important social objective of supporting non-working households – particularly pensioners – seems to have been sidelined.

The Spring Statement has nothing new for the poorest elderly who are facing just a 3.1 per cent pension rise when inflation has already reached 6.2 per cent and is forecast to be 7.4 per cent this year.

The Chancellor’s Spring Statement shows a careful judgement about priorities for the country as we move forward from the pandemic and grapple with global price pressures, with clear priority to helping working families, improving skills across the country and helping businesses invest more to drive economic growth.

I do welcome the National Insurance threshold increase, the new money for skills training and for small firms to encourage investment, but there is no new help for older households.

I also understand the........

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