National Pensioners Convention (NPC) Gives Budget Thumbs Down

Following today’s Budget, Britain’s biggest older people’s organisation, the National Pensioners Convention (NPC) has issued the following statement:

 

Dot Gibson, NPC general secretary said: “The Chancellor referred to his statement as a “Budget for the next generation”, but has offered no real evidence to back that up. Our grandchildren face huge university tuition fees, insecure employment, zero-hour contracts, low pay and rising house prices and yet there was no promise to improve any of those things.

 

The truth is people don’t save for their retirement because at the end of the month they don’t have very much left. They are forced into private rented accommodation because a lack of affordable homes has pushed up the price of houses to buy and work that pays barely more than the minimum wage is not going to give them a decent pension when they retire. Young and old share these concerns, but the Chancellor has done nothing to address any of these issues. He simply uttered a phrase that in reality is totally meaningless.”