At the end of last year, David Cameron announced that there would be a rise in state pension of £2.85 from April 2015. However, the Government has been forced to admit that for 1.6million pensioners across the UK, this means a rise of only 87p in their state pension income.
Those affected are people who claim the Savings Credit element of pension credit, which means that David Cameron’s Government is punishing those who have made the effort to make extra savings over the years.
In Scotland 51,970 people are affected by this announcement. In Edinburgh, this translates as 2,990 people overall affected with 470 of those living in Edinburgh South. These figures, from the Government, are the lowest possible estimate of the number of people affected, which is particularly worrying considering the high level of these estimates. This is a further example of David Cameron’s Government saying one thing, and doing another – this time with the savings of pensioners.