Pensioner Incomes

Part of Oral Answers to Questions — Social Security – in the House of Commons at 12:00 am on 23 April 1996.

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Photo of Oliver Heald Oliver Heald Parliamentary Under-Secretary (Department of Social Security) 12:00, 23 April 1996

The bottom 20 per cent. of pensioners have seen their incomes rise in real terms by 20 per cent. under the Conservatives and their savings have not been robbed by inflation as they were under Labour.

Conservatives

The Conservatives are a centre-right political party in the UK, founded in the 1830s. They are also known as the Tory party.

With a lower-case ‘c’, ‘conservative’ is an adjective which implies a dislike of change, and a preference for traditional values.