Spending cuts need to be extended to pensioners

The older generation should have to contend with spending cuts in the same way as other groups. The younger generation has taken on most of the burden when it comes to the recent austerity measures implemented by the government. Pensioners should share the burden of government spending cuts and should no longer receive special treatment, according to the Institute of Economic Affairs (IEA). The IEA has calculated that almost £16 billion could be saved by scrapping pensioner benefits. The savings could be used to pay for lower taxes and benefit top-ups for low income families.