Interest rates and oil prices have continued to ratchet up today, as financial markets fear the rise of inflation - creating more pressures for the Chancellor.
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Meanwhile, state pensions in the UK are set to rise by nearly £500 a year.
But that jump means that even someone who only received the full state pension would be liable to income tax.
Here’s what's going on.
#statepensions #triplelock #economy #Channel4News #C4News
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