Tag Archives: Pension Poverty

John McDonnell Confirms Labour Will Scrap Universal Credit

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Labour’s Shadow Chancellor, John McDonnell gave a passionate speech at a rally in Brighton pledging to get “rid of the bloody Universal Credit”. Speaking about how Labour plans to transform the economy should they win the likely upcoming General Election, McDonnell vowed to reverse the Tories hostile and oppressive welfare reforms. While some may want Brexit to dominate any impending

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UK Has Worst Rate of Pension Poverty in Europe

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Pensioner looking worried with money

A new report has reveled that the pensioners in the United Kingdom suffer from the highest rate of “pensioner poverty” in Western Europe. The study shows that those eligible for the State Pension are FIVE times more likely to face financial hardship. This comes as Iain Duncan Smith’s think tank CSJ suggested the retirement age should increase to 75 by

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