Three-quarters of retirees are worried about the winter months ahead, new polling shows. The research found that 83% of older people are concerned about the cost of heating their homes and more than half about the price of essentials.
It comes as pensioners and working people saving for the future are widely expected to be hit in Chancellor Rachel Reeves 's Budget tomorrow. Shadow Chancellor Sir Mel Stride said: "The country needs a Budget that protects pensioners, not one that puts their taxes up and makes their heating and every day essentials even harder to afford."
Pensioners £800 a year worse off if Rachel Reeves extends tax thresholds freeze
Dennis Reed, director of the over-60s group Silver Voices, warned that many retired people "will not cope" if they face higher taxes.
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