Winter fuel payments cut will drive 100,000 more pensioners into poverty, minister admits

The government has admitted that cutting winter fuel payments for pensioners will lead to 100,000 more individuals falling into poverty by 2026. This decision, announced by Rachel Reeves, will affect around 10 million pensioners and save £1.5bn annually by restricting the payment to those claiming pension credit. An official impact assessment revealed that 50,000 additional pensioners will face relative poverty next year, with the number increasing to 100,000 by 2026.

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