Nearly 75,000 Pensioners Apply for Pension Credit After Winter Fuel Payment Cuts
Chancellor Rachel Reeves's means-testing policy prompts surge in applications, potentially costing the government up to £540m.
- The Labour Government's decision to means-test winter fuel payments has led to a significant increase in pension credit applications.
- Official figures show 74,400 retirees applied for pension credit in the eight weeks following the announcement, up from 29,500 in the previous eight weeks.
- Policy in Practice analysts estimate the surge in applications could cost the government as much as £540m, surpassing initial predictions.
- Labour's policy has faced criticism from within the party and from economic experts, with calls to reverse the cuts gaining momentum.
- Money expert Martin Lewis has highlighted lesser-known eligibility criteria for pension credit, encouraging more pensioners to apply and access additional benefits.