Pensioners to suffer if pound continues to plunge against euro this winter

PALMA
BRITISH pensioners living in Majorca face a bleak winter if they are relying solely on a UK state pension for income.
The pound's plunge in value against the euro has seen the buying power of the UK state pension nosedive and British pensioners living in Majorca are struggling to make ends meet as the cost of basic day-to-day essentials continues to rocket.

Some pensioners could be losing over 100 euros a month, according to Jackie Codd, of Age Concern in Majorca. “That is a great deal of money for anyone - let alone someone relying on a UK pension,” she explained.

She said many pensioners may have also lost a sizeable chunk of their income and savings from worldwide financial slowdown and Stock Market collapses. The charity's spokeswoman said she recognised that the island had been saturated with pleas for help from various good causes.

She commented: “Age Concern is not a sexy charity. We find it hard to compete for donations alongside the charities for cute doggies, under-privileged toddlers and starving children in Africa. But we are desperate for help because of the present situation,” she continued.