Chancellor Rachel Reeves has confirmed that some DWP benefits will rise in line with the September inflation rate, which sat at 1.7%
Millions of Brits are set to receive a pay rise next year, as Labour confirmed a benefit uplift in the Budget today. Chancellor Rachel Reeves announced that benefits including Universal Credit, Personal Independence Payment , and Pension Credit will increase in line with the Consumer Price Index for September.
In an interview with the BBC, she said: "If you pick and choose from year to year which inflation number is the cheapest thing to do, then what you see is the gradual erosion of people's incomes." Universal Credit, the most widely claimed benefit from the Department for Work and Pensions , is currently received by over six million people in the UK. The standard allowance for single claimants under 25 stands at £311.68, while those over 25 receive £393.45, reports the Mirror.
For joint claimants over 25, the current monthly amount of £617.60 will rise to £628.10. State pension payments are also set to increase by approximately 4% next April due to the Triple Lock Promise.
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