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Retired people could see a bumper rise in the state pension next year, according to official forecasters.

Predictions suggest that the link with earnings growth could mean an 8% rise in the amount paid from April 2022.

That would cost the government £3bn more than previously expected, according to the Office for Budget Responsibility (OBR).

But UK state pensions remain less generous than much of Europe, and are vital for millions of people.

At present:

The new flat-rate state pension (for those who reached state pension age after April 2016) is £179.60 a weekThe old

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