The shadow chancellor Rachel Reeves said the Government is 'planning to pick pensioners pockets'
Jeremy Hunt has accused his political opponents of creating fear among the elderly with 'fake news' stories about the proposed abolishment of National Insurance, which Labour's Rachel Reeves has warned could cost some pensioners £738 per year in additional tax.
"One way to do it would be to merge income tax and National Insurance, does the Chancellor agree with analysis from the House of Commons library, which shows merging these two would increase income tax by 8p in the pounds? ".
"Higher taxes, squeezed living standards and weaker public services. Does the minister understand why the country has lost confidence in the Conservatives when that is their legacy? ". "The biggest single thing we can do to help people with cost-of-living pressures is to bring down inflation, and that seems to be something that escaped the shadow chancellor this morning when she said it wasn't a big deal to get inflation down to its target.
Labour Party State Pension Jeremy Hunt
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