TORIES ARE PINCHING PENSIONS

Starmer: Hunt & co 'learned nothing' from Truss disaster

- LIZZY BUCHAN

PENSIONERS will be clobbered by Tory tax changes, with millions of retirees facing an average £1000 hit to their incomes, analysis shows.

Economists warned that older people were the biggest losers from Jeremy Hunt's Budget, with critics hitting out at the "disgraceful £8billion pensioner tax bombshell" concealed in the small print.

The Chancellor is cutting National Insurance by 2p from next month in a £10million bid to woo voters and turn around the Tories' dire poll ratings.

But analysis yesterday found the elderly will be left counting the cost of the plans.

The Resolution Foundation, a think tank which focuses on living standards, said all eight million pensioners would see taxes increase by an average of £1000 by 2027-28 due to frozen income tax thresholds.