Iain Duncan Smith’s endangered speciesthe free bus pass
George Osborne has made a lot of noise about how pensioners with spare cash are going to get a fabulous deal under the Coalition – high interest pensioner bonds and the chance to spend, spend their pension pot.
All this is seen by political commentators as a brilliant move by the Chancellor to get the grey vote out for the Tories next year – with many of the measures timed for the election.
He also made it clear that pensions were going to be exempt from the new welfare cap – which will hit everyone else from lone parents, the disabled.and the working poor on housing benefit.
Sounds too good to be true for the elderly. And guess what, it is.
Hidden in the specialist publication The House Magazine today is an interview with Works and Pensions Secretary, Iain Duncan…
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