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Manchester Evening News
Manchester Evening News
Business
Kieran Isgin

All the DWP benefit payments, money changes and announcements that will affect your wallet in May

A series of important changes affecting DWP payment dates, benefits and finances are expected to take effect in May.

It's important to check if your personal finances may be affected throughout the summer month so you can allocate your budget appropriately. Among the things to look out for in May is the long-awaited first Cost of Living payment for millions of benefit claimants.

Many will also see their first full month's benefit payment with the new increased rates in-line with inflation. Meanwhile, announcements are expected on April's inflation figure and whether the Bank of England will increase interest rates again.

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