Debbie Abrahams MP, Shadow Work and Pensions Secretary, commenting on the findings of the Intergenerational Commission report, said: 

“We welcome the news that pensioners are now much less likely to be in poverty, continuing the trend put in place by the last Labour Government which saw a huge decline in poverty among older people.

“Nevertheless, this report recognises the ‘high level of inequality’ among pensioners. We cannot allow this Government to hide behind talk of a wealthy older generation, while these inequalities remain.

“Unlike the divisive Tories, we will not trade one generation off against the others by claiming that an improved social security settlement for older people must come at the expense of working families.

“That’s why Labour has committed to extending the triple lock and protecting social security for older people until 2025, and reversing cuts to Universal Credit Work Allowances supporting people in low paid work.”

ENDS