Labour MP hints at cuts to handouts for rich pensioners: Dame Anne Begg said it would make sense to reform the welfare system

Labour MP hints at cuts to handouts for rich pensioners: Dame Anne Begg says it would make sense to reform the welfare systemPiling pressure on both David Cameron and Ed Miliband Labour politicians tend to defend the principle of universal welfare paymentsPM ruled out any move to means-test these benefits before general election By Tim Shipman PUBLISHED: 02:28 GMT, 30 March 2013 | UPDATED: 02:28 GMT, 30 March 2013 A leading Labour MP has raised the prospect of cuts to pensioner benefits. Piling pressure on both David Cameron and Ed Miliband to accept reductions in handouts for wealthy pensioners, Dame Anne Begg said it would make sense to reform the welfare system so that more generous benefits are paid to fewer people

Future generations of pensioners will get state pension but no extra benefits, Iain Duncan Smith warns

Future generations of pensioners should get state pension but no extra benefits, Iain Duncan Smith warnsWork and Pensions Secretary insists handouts like winter fuel allowance and TV licence are safe for current pensionersBut 'next generation' will be encouraged to save to remove 'any extra dependence on the state'Coalition plans single-tier pension of around 155-a-weekLinking state pension age to life expectancy 'will mean working until 70' By Matt Chorley, Mailonline Political Editor PUBLISHED: 09:11 GMT, 8 January 2013 | UPDATED: 10:32 GMT, 8 January 2013 Work and Pensions Secretary Iain Duncan Smith, pictured arriving at Number 10 yesterday, said coalition reforms mean future generations would only need the state pension The next generation of pensioners should not need to receive extra benefits like free TV licences and help with heating bills, Iain Duncan Smith suggested today.

Austerity until 2018 means spending cuts and tax rises worth 27bn, IFS warns

27bn black hole in the nation's finances: More tax rises and benefit cuts are vital after the election, say experts Institute for Fiscal Studies reveals extent of spending reductions needed to meet George Osborne's deficit targetsIf spread across Whitehall unprotected areas like defence and transport would face cuts of 16%Report also warns poorest hardest hit by 1% benefits cap for three years | UPDATED: 23:32 GMT, 6 December 2012 Ministers must find 27billion of fresh spending cuts or tax rises to plug the black hole in the nation’s finances, Britain’s leading economic think-tank revealed yesterday. The Institute for Fiscal Studies said Britain is on course for 7billion of tax rises and another 20billion in welfare cuts and spending reductions after the next election. IFS director Paul Johnson also predicted that pensioner benefits such as free bus passes and television licences, and the winter fuel allowance – which David Cameron has pledged to protect until 2015 – are almost certain to be slashed after the election