John Healey’s first Budget was more about modest policy adjustments than major headline-grabbing announcements, and pensions were no exception. Even so, those smaller changes could still have a significant effect on retirement income.
The central message of Labour’s Autumn Budget was to give Britain some financial breathing space. But for pensioners who depend on savings and rental income, the package included some unexpected tax increases that are likely to be unwelcome, following similar rises in the previous year.
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