The Telegraph furthers its “Justice for Pensioners” campaign:
As well as losing out on income in their retirement, pensioners are hit twice over because when calculating their benefits the Government assumes they are receiving interest rates of 10 per cent on any savings.
Ten percent? It would be funny if it didn’t hit vulnerable people’s life savings.
Once again, we find an episode illustrating Labour’s belief that state dependency is right and proper: that we should be glad to be wards of the state.