Tens of thousands of British pensioners living in European Union countries could lose their annual state pension increases as a result of the UK leaving the EU, former pensions minister Ros Altmann has warned.
Altmann (pictured) pointed out the UK government had only agreed to pay pension increases on a reciprocal basis, which would require EU countries to commit to paying British pensioners' increases, while the UK would pay their ex-pats' state pensions here. However, Altmann said, many non-EU countries already refuse this reciprocity. She also noted there is less of an incentive for EU countries to agree to the reciprocal deal because there are far more Brits retiring abroad than there are EU citizens retiring in the UK. Brexit Blog: FTSE on the rise on hopes of soft Brexit Those livi...
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