Ryan Bourne, IEA Head of Public Policy, discussed the propostion of removing the free bus pass from the over 60's on BBC Radio West Midlands. He argued that here is a need to recognise the fiscal situation with the government still borrowing up to £100Bln a year. Furthermore he argued that pensioners should not exempt from cuts as the costs of these benefits will soar with an aging population.
Those in retirement are also among the richest in terms of wealth. There is a need for a complete re-assessment of pensioners benefits, including the free bus pass, tax exemptions and the free bus pass. Repackaging these saved revenues by a rise basic state pensions allows people to choose what they spend their income on.
You can listen to the full programme here. Ryan's segment begins at 1.22.20.