Reeves' Winter Fuel Payment Cut

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pensioner winter fuel payments risks

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pension credit

Guardian

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Winter fuel cut savings will be far less than Reeves expected, new analysis finds

Summary

Nutrition label

77% Informative

Analysis suggests surge in claims for pension credit since the cut was announced means savings could be significantly lower than the Treasury had anticipated.

Treasury officials have been scrambling to find savings and are re-examining parts of a plan to crack down on non-dom tax status over concerns that it may not raise any money.

“It is hard to avoid the suspicion that the government is attracted not by any theoretical advantages of a change in the debt rule, but by the fact that it would allow for significantly more borrowing for investment,” the Institute for Fiscal Studies said last week . City sources said that there was an appetite to invest in British projects including new roads, schools and hospitals. But investors are pushing for a new body to oversee a fresh wave of public-private deals to avoid the acrimony, expensive legal actions and bad publicity of the private finance initiative launched by the New Labour government after 1997 ..

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful