The boost will be welcomed by many pensioners (Image: inyourArea)

Older state pensioners are set to receive a financial boost this Wednesday as Chancellor Rachel Reeves confirms increases for those who reached pension age before 2016.

The state pension is guaranteed to rise each year based on one of three criteria: inflation, wage growth, or a flat rate of 2.5%. This guarantee, known as the triple-lock measure, is mandated by law for both the new State Pension (introduced after 2016) and the older Basic State Pension, according to the Express .

On Wednesday, Chancellor Rachel Reeves is expected to unveil a range of spending and benefits plans for the upcoming financial year during the highly anticipated Autumn Budget for 2025. After months of speculation, we will finally find ou

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