Following chancellor Jeremy Hunt’s Autumn Statement announcement that benefits and pensions would rise by 10.1 per cent, the Department for Work and Pensions has confirmed its revised weekly rates for payments.
An exception to what was primarily a package of tax rises and spending cuts introduced to restore order to the UK economy and appease the markets in the wake of Liz Truss and Kwasi Kwarteng’s disastrous “mini-Budget”, the gesture helps recipients (just about) keep pace with inflation.
