Millions across the UK could see a rise in their benefit payments next year. Almost 20 million families and 40 million individuals across the nation in receipt of State Pension of benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) could be impacted.
The rise of 10.1% will be welcome news for many amidst the cost of living crisis. The Chancellor of the Exchequer, Jeremy Hunt, made the commitment in his Autumn Statement when he confirmed that state pension, disability and working age benefits would be uprated from April in line with the rate of inflation in September.
Mr Hunt said there had been some arguments to uplift working age and disability benefits below the level of inflation, but said that “would not be consistent with our commitment to protect the most vulnerable”. He added that the 10.1% increase was: "an expensive commitment, costing £11 billion" continuing, "but it means 10 million working age families will see a much needed increase next year, which speaks to our priorities as a Government and our priorities as a nation.
