Following last week's Autumn Budget, millions of people across the country will see their State Pension or benefit payments increase.
The rise comes following Chancellor Jeremy Hunt's statement, which confirmed recipients of both Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) benefits will see their income boosted in line with inflation.
The amounts will be increased by 10.1 per cent from April 2023, with Mr Hunt explaining: "That is an expensive commitment, costing £11 billion, 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. On average, a family on universal credit will benefit next year by around £600. And to increase the number of households who can benefit from this decision, I will also exceptionally increase the benefit cap with inflation next year."
