Approximately 500,000 pensioners will be missing out on the State Pension rise next year.
The new comes despite the UK Government pledging to stick to the triple lock, reports North Wales Live. The Prime Minister also promised during the Autumn Statement that retirees would be "t the forefront of my mind".
Last week during the Autumn Statement, Chancellor Jeremy Hunt promised that pension payments will go up by 10.1 per cent in April 2023. This new rise will see the full basic State Pension increase by £14.85 a week - a rise of £18.70 a week, affecting millions of pensioners across the UK. However, many pensioners living overseas could miss out.
