Universal Credit is set to increase next month and millions of households will see their payments rise. In a process called “uprating”, benefits are given a boost at the beginning of each tax year in April.
The amount that benefits rise by is decided according to the rate of inflation. That way, those in receipt of financial support can keep on top of the rising prices of things like food and fuel.
This year, many benefits will increase by around 10.1%, which was the rate of inflation in September 2022. This includes Universal Credit.
