09:02 06 June 2013
Ed Balls has said Labour would cut winter fuel payments to wealthy pensioners to save nearly £100million on welfare spending. This would be expected to come into place if they were to win the next election.
Everyone has paid into the government with the expectation of receiving the benefits, but the benefits are now in danger of funds shortages within a matter of decades.
There has always been the option to give the allowances back if they are not needed, but the majority of people are retaining them. This either means that people need them, or refuse to part with the funds.
It’s easy to get used to a certain lifestyle, so even wealthy people may have run up expenses which make the fuel allowance helpful. If this is removed there could be an increase in loans and other services to try and compensate. Here are a few things to consider for short term loans.
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