Nick Clegg
Media playback is unsupported on your device

Clegg: Cuts could hit 'millionaire' pensioners

The Liberal Democrats are looking at curbing all age-related universal benefits for pensioners with assets of more than £1m.

The changes could affect payments including winter fuel allowances, free TV licences and bus passes.

Nick Clegg said the welfare budget "cannot be immune" from efforts to find government budget savings after the next general election in 2015.

Nick Robinson reports.

  • 25 Sep 2012
Go to next video: Pensioner payments put in spotlight