Labour U-turn as ministers vow pensioners won’t be hit by tax when state pension tops £13,000

LABOUR was yesterday forced to promise the elderly will not be hammered by a “granny tax”. Chancellor John Healey is drawing up Budget plans to ensure pensioners are not punished when the triple-lock pushes the annual state pension above £13,000 next year. Tax becomes payable at the current threshold of £12,570. But if a pensioner...