Pensioners will spend one in five pounds on energy bills, Labor warns

One in five pounds spent by pensioners this winter come on on energy bills, Labor has warned.

With energy price cap hikes set to push typical annual bills above £3,700 in October and into 'at £4,400 in January and £4,700 in April, keeping warm will cost the elderly exorbitant sums.

Shadow Chancellor Rachel Reeves is reportedly finalizing a package of support measures that the Labor will propose as a way to avoid the worst difficulties.

Without further support, the party calculates that pensioners' expenditure on electricity and gas this year will be almost triple the figure of 2020/21, in proportion to their spending.

The National Insurance and income tax cuts offered by Conservative leadership candidates Liz Truss and Rishi Sunak will not benefit either more to the majority of pensioners, who do not pay levies.

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