When it was announced during the summer, Labour’s plan to eliminate the elderly’s universal payment of up to £300 and limit its availability to people receiving certain benefits drew harsh criticism.
However, the Work and Pensions Select Committee requested that Liz Kendall, the secretary for work and pensions, make the information publicly available.
According to the data, there may be an additional 50,000 retirees in “relative poverty after housing costs” in the fiscal year that ends in 2025, a comparable amount the following year, and then 100,000 in the fiscal year that ends in 2027.
After that, it falls to 50,000 in the fiscal year that ends in 2028, before rising to 100,000 in the years that follow in 2029 and 2030.
