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Older people 'to be £8bn worse off'

21 July 2010

John Robertson, MP for Glasgow North West, has called for the VAT rise to be deferred, claiming that older people on lower incomes will be left £8 billion worse off once the state pension is linked to earnings next year.

Chancellor George Osborne announced the 2.5% VAT rise in his first Budget, a move that Labour MP John Robertson claims will laden older people with billions of debt until 2015.

For more information see the Age UK website.

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