Budget 2021: Covid deaths set to cut state pension costs

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Forecasts suggests inheritance tax receipts will also rise, partly due to over-65s dying of Covid …

“With virus-related deaths rising sharply again in recent months, we have revised up the number of excess pensioner-age deaths in 2020-21 from 90,000 in our November forecast to around 100,000 in this one,” the OBR said in its Economic And Fiscal Outlook, which is published alongside the Budget.

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