The decision to cut the winter fuel payment was made in the full knowledge that 150,000 pensioners would be plunged into poverty, a court was told yesterday.
The Chancellor was said to be considering the idea of reducing the amount that can be saved into cash Isas annually to encourage people to direct more money into stocks and shares.
Chancellor Rachel Reeves said reducing the welfare bill is the 'right thing to do' as she battles to avoid the need for tax rises at the Spring Statement later this month.
Rachel Reeves is facing a battle to avoid the need for tax rises at the Spring Statement later this month, after stalling growth and rising debt interest costs laid waste to her plans.
Chancellor Rachel Reeves is set to present the Treasury watchdog with draft proposals for trimming the government's outlay - said to include up to £5billion from welfare.
Chancellor Rachel Reeves said it is 'crucial' that the government tackles the issue of 18-24 year-olds wasting the 'best time of their lives' at home 'doing nothing'.