|GBNews|
The full state pension is expected to rise above £13,000, potentially trapping some of the poorest retirees in a tax bracket. Labour is reportedly planning an emergency measure to address the situation as the overall tax burden reaches a post-war high.
Concerns raised over who will fund the pension increase.
Transcript
“Is the Prime Minister trying to win back pensioners in his first budget? Well, the full state pension is set to rise above £13,000, which would see some of Britain's poorest retirees caught in a tax trap. Well, it looks like Labour is preparing an emergency fix, but with the overall tax burden heading towards a post-war high, who's really picking up the bill?”