Live updates

Advertisement

Osborne extends pensioner bonds scheme by three months

George Osborne has confirmed the Government is extending the pensioner bonds scheme for a further three months "so potential savers don't miss out".

The Chancellor wrote on Twitter:

Advertisement

Reforms 'make it easier for pensioners to get help'

Social security cuts of more than £6 billion are designed to simplify the system to make it easier for pensioners to get the support they need, a Department for Work and Pensions spokesman has said.

Our older people have worked hard and paid into the system all their lives. That is why this Government has protected key support for pensioners including winter fuel payments, free prescriptions, free eye tests and bus passes and free TV licenses for the over-75s.

Furthermore, the 'triple lock' guarantee has given today's pensioners a basic state pension which is a higher share of average earnings than at any time since 1992 and will make 12.7 million people better off by over £400 a year by the end of this Parliament.

– Spokesman, Department for Work and Pensions
Load more updates