The chancellor's refusal to increase the threshold for income tax will result in approximately two million pensioners facing tax bills.
Freezing tax thresholds will leave the average taxpaying pensioner 1,000 worse off by 2027-28.
Jeremy Hunt's budget is described as a 'pensioner-punishing' one by the Liberal Democrats, with unfair tax hikes being highlighted.
The government prioritized national insurance tax cuts for workers over addressing the impact on pensioners in the recent spring budget.
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