LABOUR has said Chancellor Jeremy Hunt’s budget giveaway of a £1 billion tax break for pensioners will benefit only the wealthiest 1 per cent of Britain’s retirees – and Labour will reverse it.
But the country’s biggest pensioners’ organisation has called for a “comprehensive debate on the future of pensions” as millions of older people struggle to make ends meet.
Labour said the £1bn tax giveaway would benefit only people with a pension pot of £1.07 million for their old age.
Campaigners urge government to ignore profiteering oil lobbyists and help those hit hardest by rising energy prices
The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE


