Chancellor Rachel Reeves has made a statement after it was announced the cut to the Winter Fuel Payment would be cut, meaning nine million pensioners will qualify this year. Rachel Reeves insisted she had “listened to people’s concerns” as she announced changes to the threshold for winter fuel payments.

The Chancellor has announced long-awaited details of her humiliating climbdown, with three quarters of pensioners now getting the money

UK chancellor Rachel Reeves is to restore winter fuel payments to all but 2mn pensioners with incomes of more than £35,000, in a U-turn that will cost the Treasury £1.25bn. Reeves announced the retreat ahead of this week’s spending review as she attempts to garner some positive headlines at a time of a tight squeeze on some public service budgets.