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Story summary
- Kate plans to become an apprentice in 2026, earning £8 per hour and £12,480 annually.
- Keith's state pension is £12,534.60 and will rise under the triple lock.
- Reeves promises to shield retirees from income tax, while young workers like Kate will be taxed as earnings rise.
- The Office for Budget Responsibility (OBR) estimates 5.2 million young workers will be taxed by the end of the forecast period.
