The Chancellor implemented a significant policy change to assist pensioners with energy bills, providing winter fuel payments of £200 or £300 to roughly nine million pensioners with incomes below £35,000. This targeted solution aims to ensure lower-income pensioners receive essential support, while still allowing higher earners an opt-out option. Critics argue this move was a necessary U-turn, reflecting the difficult financial landscape and the need for more supportive policies amidst rising living costs.
"Targeting Winter Fuel Payments was a tough decision, but the right decision because of the inheritance we had been left by the previous government."
"This change gives people certainty and ensures that payments can be made in time for this winter."
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