Outrage as millions of pensioners to miss out on £300 winter fuel payment.

Good day and welcome to The Agency's money blog! Today, we will be focusing on the hot topic of Labour's decision to remove the winter fuel payment from millions of pensioners. As the final day of the party's conference approaches, there is growing criticism towards Keir Starmer and his government for this controversial move.

For those who may not be aware, the winter fuel payment is a £300 top-up given to eligible pensioners to help cover their heating bills during the colder months. However, if this cut goes ahead, approximately 9.9 million pensioners will no longer qualify for this benefit. This leaves only about 1.5 million individuals able to receive the payment.

Unsurprisingly, there has been strong opposition to this decision, with many unions expressing their support for reversing the cut. The health secretary, Wes Streeting, has defended the government's stance, claiming that pensioners will still be better off this winter compared to last winter, even without the winter fuel payment. However, this statement has been met with skepticism and further backlash.

Throughout the day, we will be covering updates on this issue, as well as other important money news. Stay tuned as we delve into who is eligible for the winter fuel payment and gather reactions from various parties. Thank you for joining us, and let's get started.

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