We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off
Switch to an accessible version of this website which is easier to read. (requires cookies)

Resolution Foundation reports proves Tories are taking people for granted

May 4, 2017 4:20 PM
Originally published by South Lincolnshire Liberal Democrats

A damning report by the Resolution Foundation report has found the recent pay squeeze has left many of Britain's 1.8 million older low and middle income households struggling to save for retirement.

Susan KramerCommenting, Liberal Democrat Shadow Chancellor Susan Kramer said:

"This report confirms what we already knew: that the Tories are taking people for granted.

"This Conservative government has done nothing to tackle falling wages and has chosen to cut working-age benefits.

"They are now threatening to make the pay squeeze even worse through their relentless pursuit of a Hard Brexit.

"We always knew that the young were struggling to save for their old age, now it turns out those middle-aged and older are as well.

"This election is chance to change Britain's' future, prevent a disastrous hard Brexit and protect people's living standards from slipping further in the years ahead."

Anita DayPCC for Grantham and Stamford, Anita May commented

"Older low and middle-income people are going to struggle if Theresa May follows through with her threat of a Hard Brexit.

As the economy starts to suffer, pensioners' savings will struggle to make decent returns and companies responsible for paying pensions will see their profits fall too.

We already have a company pension scheme black hole.... Brexit will make things much worse in the years ahead'.