Over the past few months, as the scale of the tax rises Rachel Reeves would need to make at her Budget became clear , attention turned to who would be the target.

Many suggested Reeves would continue what some have termed her “war on pensioners”.

The supposed war was started last year with the now infamous – and partly reversed – cut to winter fuel payments . New Feature

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Throughout autumn, some experts suggested it could continue with extra taxes that would hit pensioners. A reduction in the 25 per cent tax-free lump sums retirees can pull from their later-life savings pots was an example of one of these touted policies, though the Treasury moved to rule it out last week.

Now that the Budget is done, we can see that this war – i

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