“Pensioners will benefit from another substantial increase in the state pension, while low-paid workers will benefit from increases in the minimum wage. For most households, the bigger determinants of living standards will remain wages, inflation and energy costs rather than any new tax measures announced in the budget,”

Jasper Kenter · said date not stated · reported 2026-10-28

Kenter explained that pensioners and low-paid workers will benefit from increases, but wages, inflation and energy costs will remain the bigger determinants of living standards.