Pensions

No Benefits for Better-Off Seniors, Says U.K. Deputy PM

That ... actually makes sense. So it'll never happen here.

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Better-off pensioners should be stripped of their taxpayer-funded benefits because they are difficult to justify at a time of widespread spending cuts, Nick Clegg has said.

The Deputy Prime Minister said giving free television licences, winter fuel payments and free bus passes to everyone was increasingly "difficult to explain".

He called on well-off pensioners to help "make ends meet" by surrendering the handouts, warning it was not fair that Lord Sugar, the tycoon, for example, should be entitled to receive state assistance.