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Benefit cuts of more than £6bn 'hits pensioners hard'

Social security cuts of more than £6 billion a year will hit pensioner families under the Government's welfare reforms, a new report has claimed.

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Social security cuts 'hit pensioners hard'

Social security cuts of more than £6 billion a year will hit pensioner families under the Government's welfare reforms, a new report has claimed.

Research for the TUC showed that a quarter of all social security cuts between 2010 and 2016/17 will fall on families where at least one adult is above state pension age.

Benefits axe 'hits pensioners hard'. Credit: PA

The union organisation said a large proportion of the losses were due to the Government's decision to change the measure used to increase benefits every year from RPI inflation to the lower CPI measure.

The social security cuts faced by pensioner families are set to get worse after the election, warned the TUC, especially when Universal Credit is rolled out nationally from 2015, as almost half of the projected £5 billion a year of cuts that its introduction will bring will fall on pensioner families. This will bring total losses to pensioner families up to £8.75 billion a year, said the TUC.

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