Pampered pensioners cost taxpayer £16bn: Report attacks 'special treatment' that exempts OAPs from cuts

Concessions to pensioners cost the taxpayer £16billion a year, a report claims today.

The elderly have received special treatment and are more or less exempt from spending cuts, according to research by the Institute of Economic Affairs.

Younger people meanwhile have been clobbered by higher tuition fees and cuts to child benefit, the think-tank argues.

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