Many in the Labour Party see the older generation – or boomers as they call them – as a gigantic cash cow just waiting to be milked. Now a new suggestion will send shockwaves among 12 million retirees who receive the state pension. Labour wants to tax it.

The new government is debating means testing the state pension, so that retirees could get a lower sum if Starmer and Reeves decide they are earning too much.

This would completely undermine the structure of the state pension, where how…