Winter Fuel Payment Cuts Expected to Save Less Than Anticipated

New analysis reveals a surge in pension credit claims, reducing the projected savings from the controversial cuts.

Rachel Reeves' plan to cut winter fuel payments is projected to save hundreds of millions less than the anticipated £1.4bn.
A 152% increase in pension credit claims since the announcement has significantly reduced the expected savings.
Only pensioners receiving pension credit or other means-tested benefits will now be eligible for the winter fuel payment.
Charities and political groups are urging the government to reconsider the cuts amidst rising energy prices and increasing financial hardship for pensioners.
The Labour government faces additional budgetary challenges, with other tax measures under scrutiny and potential loopholes being targeted.