August 28, 2009
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Commenting on today’s [Friday 28 August] report from the IFS which reveals higher energy prices between 2004 and 2007 coincided with substantially higher fuel spending and lower fuel consumption among pensioners, Steve Webb said:
“Pensioners have been hit by soaring fuel bills which have taken a growing chunk out of their meagre state pensions.
“Once again we see the woeful inadequacy of the basic state pension, one of the worst in Europe.
“Forcing pensioners to rely on complex and poorly understood means-tested benefits is simply not the answer to pensioner poverty. It is time that the state pension was raised to a decent level. As a first step, the Government should restore the earnings link at once.”
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