Retirees are set to receive an 8.5% increase to their State Pension from April next year as CPI inflation held steady at 6.7% for the year ending September.

The UK economy returned to growth in August, with a 0.2% increase in GDP, according to figures released by the Office for National Statistics (ONS) this morning.

The latest official wage growth figures - published today by the ONS - mean the State Pension should rise to £11,501 in April 2024, a 8.5% rise from £10,600 this year.

HMRC collected a record £16.7bn in capital gains tax in the 2021/22 tax year.