How Rachel Reeves’ ‘painful’ Autumn Statement could affect your state pension

THE new government’s first Autumn Statement will be held on October 30 to set out plans for the country’s finances.

Chancellor Rachel Reeves has said there is a £22billion “black hole” in the public purse which the Labour government is looking to fill.

But the government has warned that in order to do this, “difficult decisions” need to be made and the Autumn Statement will be “painful” for many.