State pension inequality 'grotesque' says Backto60 founder
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Former civil servant and Backt60 campaigner Pauline Hinder lamented the lack of appropriate measures targeted at helping her age bracket cope with growing costs in Jeremy Hunt’s mini-budget announcement. Ms Hinder questioned the removal of the energy price guarantee from next April, noting 1950s women already having to make do with six years less in state pension payments will face further struggles. Speaking to Sky News, Ms Hinder said: “Why haven’t they brought back triple-lock in one of the most difficult years since the 70s?
“They’ve left that out. The pension credit threshold is too low so you have to be on a really low income to be entitled to that.
“So 1950s-born women have to have all this on top of six years without pensions. We just don’t know which way to turn, really.
“And meanwhile you’ve got billionaires who are asking to pay more in tax to help all of these issues and more. It just doesn’t make sense, I don’t see any stability.”
Outlining the Government’s revised budget strategy, Chancellor Jeremy Hunt said the main objective will be ensuring “stability”.
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Indicating that some Government spending would have to be cut, Mr Hunt said: “The most important objective for our country right now is stability.
“Governments cannot eliminate volatility in markets but they can play their part and we will do so, because instability affects the prices of things in shops, the cost of mortgages and the values of pensions.”
Both Backto60 and WASPI have been calling on the Government to compensate any woman born in the 1950s affected by lack of timely communication about the change of pension age.
When changes came into effect, the Government said: “We will seek to provide a minimum of 10 years’ notice for individuals affected by changes to their state pension age”
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Mr Hunt reversed nearly all of Prime Minister Liz Truss’s mini-budget that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.
In his statement, Mr Hunt added: “There will be more difficult decisions, I’m afraid, on both tax and spending as we deliver our commitment to get debt falling as a share of the economy over the medium term.
“All departments will need to redouble their efforts to find savings, and some areas of spending will need to be cut.
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“But, as I promised at the weekend, our priority in making the difficult decisions that lie ahead will always be the most vulnerable.
“And I remain extremely confident about the UK’s long-term, economic prospects as we deliver our mission to go for growth.
“But growth requires confidence and stability, and the United Kingdom will always pay its way.
“This Government will therefore make whatever tough decisions are necessary to do so.”
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