Darling urged to offer help to pensioners

The chancellor of the exchequer has been urged to consider older people in today's Budget speech.

According to, many over-50s who are living off their pension incomes are suffering in today's environment of low interest rates.

Indeed, the Bank of England current has rates at 0.5 per cent - the lowest level in the history of the institution.

Moneyfacts has therefore called on Alistair Darling to look after this group of people, as those who have made "prudent or astute" financial decisions in the past are now being penalised.

Darren Cook, senior analyst at the group, commented: "We hope that the chancellor does not ignore these individuals when delivering his long-awaited and crucial Budget speech."

Mr Darling, who will deliver his Budget to parliament at 12:30 today, has been widely tipped by analysts to announce tax rises and a cut in public spending.

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