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Pensioners are the 'biggest losers' from Jeremy Hunt's budget as they are left with a huge £8 billion hit, economists claim.

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By HARRIET LINE DEPUTY POLITICAL EDITOR

PUBLISHED: 22:24, 7 March 2024 e-mai

Pensioners are the 'biggest losers' from the Budget – taking an £8billion collective hit, economists claim.

Damning assessments came from the Institute for Fiscal Studies (IFS) and the Resolution Foundation, with those think-tanks saying stealth taxes will leave the elderly worse off at the end of this Parliament.

Those earning more than £60,000 will also feel the squeeze as a result of the freeze on income tax thresholds.