The Chancellor put pensioners’ minds at ease, but the triple lock confirmation comes with an unexpected catch

In the run-up to the Budget on November 26, Rachel Reeves provided reassuring pledges to pensioners , though this may carry an unforeseen price tag. The Chancellor revealed that the state pension rate will see an above-inflation rise of 4.8%, to be confirmed in the Budget .

She also emphasised the government's "commitment to the triple lock", the system that increases state pension annually. Around 13 million pensioners are set to gain from the rise.

Reeves said earlier this week: "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.

"At the Bud

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