UK pensioners among poorest in Europe

According to ONS, Britain is only behind Cyprus, Bulgaria and Spain in terms of pensioners’ poverty and more than two million elderly in Britain are already struggling to keep poverty at bay.

The ONS said the latest figures show 21.4 percent of British pensioners were facing the risk of sliding into poverty in 2010, which is “significantly higher” than the EU average of 15.9 percent.

This comes as the massive austerity cuts by the current coalition government are feared to have pushed Britain even further down the poverty scale in Europe.

“We have had a system of state pensions that has been systematically cut over the years, trying to offload responsibility on to the private sector,” Ros Altmann, director of Saga Charitable Trust, said.

“It is another demonstration of why radical reform of our pension system is long overdue,” Altmann added.

AMR/HE

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