Rachel Reeves is expected to announce a higher-than-inflation rise for 13 million pensioners in her upcoming budget.

People on the full rate of the new state pension will benefit with more than £550 a year more.

"Whether it's our commitment to the triple lock or to rebuilding our NHS to cut waiting lists, we're supporting pensioners to give them the security in retirement they deserve," the chancellor said.

Wednesday's long-trailed budget is expected to be big and speculation has persisted on whether it will include tax rises - and who those rises will affect.

And while she is expected to reaffirm the government's commitment to the triple lock, she is believed to be considering limiting how much workers can put in their pension pots under sacrifice schemes before paying national insu

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