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Chancellor of the Exchequer Rachel Reeves stood outside Downing Street on Wednesday with the iconic red box before outlining key budget changes in the House of Commons. Many of the big financial changes announced today will have an impact on your pension, including State Pension rate increases being confirmed.

Ms Reeves was given the difficult task of trying to plug a £50 billion black hole in the nation’s public finances this year. Until earlier this month, she was expected to hike the headline rate of income tax, something which would have broken a Labour manifesto pledge, after receiving economic forecasts which were not quite as grim as first feared.

Without any money coming from increased income tax, the Treasury has pursued a “smorgasbord” approach of raising a r

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