Labour pension plan would punish most vulnerable

FYLDE MP Mark Menzies today revealed Labour’s plan to “punish” pensioners should the party be voted in at the next General Election.

Research has shown that Labour’s proposal to cut the Basic State Pension would affect 21,980 pensioners in his Fylde constituency and would mean the allowance would be £234 less a year by 2017/18.

Mr Menzies fears the plan to cap pensions rather than other benefits would hit the most vulnerable in society hardest, many of who depend on their allowance to pay their bills and put food on the table.

The Member of Parliament said: “Now we know that when Labour say they would cut welfare, what they really mean is they would choose to cut the Basic State Pension over capping benefits.

“This would take £234 a year away from almost 22,000 pensioners in Fylde – people who have worked hard all their lives and deserve to get something back.”

Labour shadow chancellor Ed Balls has announced his party wants to put a cap on pensions as part of its future plans, while the Conservatives believe protecting the state allowance is vitally important.

Meanwhile, Labour has already opposed three welfare caps worth £14bn.

Mr Menzies added: “This is about a simple choice: the Conservatives want to reward pensioners, Labour want to punish them.”

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