Older state pensioners are being handed a financial boost this Wednesday as Rachel Reeves has not announced any changes to the planned uplifts for pensioners who reached pension age before 2016.

The state pension is guaranteed to increase every year based on one of three metrics - inflation, wage growth or a flat 2.5%, and this is enshrined in law for both the new post-2016 state pension and the older, basic state pension.

And today, Chancellor Rachel Reeves has confirmed a slate of spending plans for the coming financial year, which crucially has not included any change to Triple Lock plans.

Following months of rampant speculation, the Chancellor has now announced how various taxes are going to increase.

Currently, the Triple Lock is set to produce an approximate £440 increase

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