Economy · World
UK State Pension to Exceed Income Tax Threshold
The UK's state pension is projected to surpass the income tax threshold in the upcoming year. This development is attributed to the 'triple lock' system, which guarantees pension increases based on the highest of inflation, average earnings growth, or 2.5%. The Evening Standard reported that state pensioners are expected to breach the tax threshold due to this boost.
How outlets across the spectrum covered it
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- Centre (2): Evening Standard, Financial Times