BusinessPostCorner.com
No Result
View All Result
Wednesday, October 14, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Winter fuel payment: We spend it on holidays, say some pensioners

September 14, 2024
in Business
Reading Time: 2 mins read
A A
0
Winter fuel payment: We spend it on holidays, say some pensioners
ShareShareShareShareShare

The issue of who needs the support is at the heart of the change to the WFP. Office for National Statistics (ONS) figures show that the proportion of wealthy over-65s has grown.

In 2010, 9% of this group lived in a household that had a total wealth – including assets like their home and pensions – above £1 million. Ten years later, this rose to 27%.

Liz Emerson, CEO of the Intergenerational Foundation, a charity that campaigns for youth-friendly government policy, says it is being fuelled by rising property values.

“Alongside that, they have more generous private pensions than young people,” she explains. “So when you combine housing wealth and pension wealth, older people have been doing far better than the younger generation over recent years.”

Yet this isn’t just about millionaires – many of those who say they do not need WFP, like those the BBC spoke to, are simply on healthy pensions after years of working.

Others are more wealthy, especially if they have sold high-value property and downsized to a house that is far less expensive to heat, ending up with leftover cash in the process.

For those who don’t sell up, Ms Emerson asks: “Should these pensioners be subsidised by younger taxpayers to stay in a valuable home? It seems to us to be intergenerationally unfair.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Intel reaches deal to make chips for US military

Next Post

Kazakhstan’s wild west

Next Post
Kazakhstan’s wild west

Kazakhstan’s wild west

No Content Available
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Pentagon admits that Iranian strikes damaged and destroyed hundreds of buildings at US bases

September 14, 2026
Iran issues long list of steep demands the US must meet before the Strait of Hormuz will be reopened

Iran issues long list of steep demands the US must meet before the Strait of Hormuz will be reopened

August 8, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!