Labour’s Winter Fuel Shambles Cut Party Polling by 11% to Save £50 Million
The winter fuel allowance U-turn reduces nominal savings from the cut to £450 million over some years, down from £1.51 billion. That is only the headline figure…
Ironically the government has previously sheepishly boasted about its pension credit take-up campaign adding an additional annual £200 million bill to the taxpayer. This year’s nominal saving from the u-turn is £250 million. Combine that with the take-up and you are looking at circa £50 million in total saving…
The winter fuel issue was Labour’s first massively unpopular move on coming into office – it came up constantly during the local elections and YouGov polling previously showed the cut to be the single most influential element in Labour’s declining poll lead. Labour got 33.7% of the vote at the general election and is now down to 22.6%. Seeing as only £50 million will be saved this year each percentage point lost by Labour since the general election saved Treasury coffers approximately £4.5 million. At least Labour avoided that run on the pound…
The saving doesn’t even buy one HS2 bat tunnel. Never in the history of the Labour party has so much polling advantage been sacrificed to save so little cash…