DWP claimants' benefits to rise by hundreds each year as inflation increase confirmed
. The money is set to go up after Chancellor Jeremy Hunt made the announcement during his autumn statement.
It has been confirmed that all benefits, including pensions, will rise 10.1% in line with inflation. Previously, concerns have been raised that some claimants could see a decrease in money. Now, it is understood that the Treasury sent plans for major measures to the Office for Budget Responsibility last weekend, so the experts could start drawing up forecasts.It has also been said that state pensions and benefits will go up by 10.1%, reports Liverpool Echo.
Joint claimants who are both under 25 could expect their payments to jump from £416.45 to £480.09 per month, while people on a standard allowance aged 25 or over can expect a rise from £334.91 to £368.40. Those who are aged under 25 and on a standard allowance could see their payments jump from £265.31 to £291.84 - an increase of £318 a year, reports CambridgeshireLive.
People on PIP, who are in receipt of the enhanced rate for both daily living and mobility, will get an extra £824 a year. Here is a full breakdown of how much each PIP component will rise by:
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