Andrew Gwynne, MP for Denton and Reddish, has heavily criticised the Government, after Labour analysis highlighted that the basic state pension will be worth hundreds of pounds less in real terms over the next year.
The analysis shows that, as a result of rising inflation and the Conservatives’ decision to only increase the state pension by 3.1 per cent, a basic state pension for an individual will be worth around £222 less in real terms over a year than in 2021/22.
It is estimated that 14,793 pensioners in Denton and Reddish will be impacted by the real terms cut.
The motion to approve Conservative plans for a real-terms cut to state pensions was pushed through by Conservative MPs on Monday 7 February.
This means that from Friday 1 April, in the midst of a cost-of-living crisis, the Government’s decision to break the triple lock and give pensioners a real-terms cut to their pensions will leave older people in Britain paying hundreds of pounds more as a result of the rise in energy prices.
Labour’s plan to reduce energy bills would raise money to keep bills low through a one-off windfall tax on oil and gas profts to support all households, with households typically getting £200 off their bills. Labour’s plan will get £600 to the lowest income households while the Conservatives will only give them £350.
Commenting, Andrew Gwynne said:
“Energy bills are rising, and prices are going up. The Conservatives have responded by pushing through a real-terms cut to pensions. It is absolutely disgraceful.
The Conservatives have shown time and time again that they are not on the side of working people and pensioners, and this is just more evidence.
Pensioners across Denton and Reddish deserve to be given respect, security and prosperity, and Labour are the only party that are serious about doing so.”
Jonathan Ashworth, Labour’s Shadow Secretary of State for Work and Pensions, added:
“The Tory cost-of-living crisis is set to hammer pensioners hard.
Not only have Tory MPs broken their manifesto commitment to the pension triple lock, Tory MPs have endorsed Boris Johnson’s plan to cut the value of the basic state pension by hundreds of pounds, wiping out any gain from the energy loan scheme.
With pensioner poverty on the increase this is a shameful way to treat those who have contributed so much to our country.”