Balls accused of pension 'cut' plan

AOL Money Staff
Ed Balls
Ed Balls

Ed Balls is facing claims that he would cut the state pension after suggesting the costs should be included in a cap on welfare spending.

The shadow chancellor triggered a backlash by highlighting that the "large bulk" of the £200 billion spent on social security went to those aged over 60. That meant any effective cap needed to cover spending on pensions, he argued.