Wednesday, August 18, 2010

Winter Fuel Payments - Public Spending Cuts

Telegraph: Reports that the winter fuel payment to the older generation will be reformed, so it only kicks in when people reach the age of about 66, at present its 60. This shows folks that the Coalition Government will take the tough decisions, the Telegraph notes that the Liberal Democrats are even more tough and want the age level to be 75. Its simple folks the Country can not afford such welfare spending, last year it cost 2.7 billion, as the UK has a growing older generation the costs of winter fuel payments, free bus passes etc will go up, something has to give, thus those that are in their 60s now will have to work a few more years and the welfare state will not kick to help them in till much later, this is the damage that Labour has done to the UK economy, it will be hard medicine folks, but it will recover the economic body of the UK, otherwise we will go like Greece, lets hope the UK voter gets that fact, otherwise Labour will gain with pandering with their no cuts agenda.

No comments: