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Swinney Warns Scotland Pensioners Face £4B Annual Loss

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Story summary
  • John Swinney warned pensioners could lose £4 billion annually by 2050.
  • Scottish Government analysis projected a £1.3 billion annual shortfall for pensioners by 2039-40.
  • Swinney said UK triple-lock changes would strip Scottish pensioners of £2,000 each year.
  • Scottish Labour leader Michael Marra accused Swinney of misrepresenting the UK Government’s pension stance.
  • Conservative leader Russell Findlay urged Swinney to cut benefits or raise taxes to balance finances.