Following Chancellor Jeremy Hunt's Autumn Statement on Thursday last week, benefit claimants and pensioners were greeted with some good news.
From April 2023, a whole list of Department for Work and Pensions (DWP) benefits will go up by 10.1 per cent in line with inflation rates. This commitment by the Government will cost them £11 billion, but it will give a much-needed boost to millions of UK households next year.
The Chancellor said: "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."
