IDS's election present for the Golden Oldies: Bye Bye bus pass and fuel payments

‘George Osborne has made a lot of noise about how pensioners with spare cash are going to get a fabulous deal under the Coalition – high interest pensioner bonds and the chance to spend, spend their pension pot.

All this is seen by political commentators as a brilliant move by the Chancellor to get the grey vote out for the Tories next year – with many of the measures timed for the election.

He also made it clear that pensions were going to be exempt from the new welfare cap – which will hit everyone else from lone parents, the disabled.and the working poor on housing benefit.

Sounds too good to be true for the elderly. And guess what, it is.’

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