An estimated 19.2 million families and 39.8 million individuals across the UK currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1% later this year.
Chancellor Jeremy Hunt confirmed in November that State Pension, disability and working age benefits will be uprated by 10.1% from April in line with the rate of inflation in September, at a cost of £11 billion to the UK Government.
The uprating means that on average, a family on Universal Credit will benefit by around £600 this year. To increase the number of households who can benefit from this decision, the Chancellor will also increase the benefit cap with inflation next year. This means the benefit cap will rise from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally.
