Benefit claimants in Nottingham are among millions of people in the UK set to see their payments rise in 2023. The news comes as costs are set to continue to soar with increases in fuel and energy prices to hit many households hard.
And while inflation is also expected to soar, Government support will only rise by 3.1 percent in April, which is based on September's inflation figure, Birmingham Live reports. But since that point, inflation increased to 6.2 percent in February this year and that is expected to rise further, with the Office for Budget Responsibility suggesting the Consumer Price Index could shoot up to a 40-year high of 8.7 percent in the final three months of 2022.
This is down mainly to the war in Ukraine and energy costs. The Bank of England has gone even further to suggest inflation could hit 10 percent if the energy price cap goes up again in October.
