Millions of people who receive benefits from the Department for Work and Pensions (DWP) are set for a cash boost in April. Benefits and the State Pension are uprated by 10.1% for the 2023-24 financial year in line with the Consumer Price Index (CPI) inflation rate for last September.
While benefit payments are increased each year, this will be a much greater boost than usual because of soaring inflation rates during the cost of living crisis. The benefits uprating in April is estimated to cost the government around £11 billion, but chancellor Jeremy Hunt vowed to "protect the most vulnerable" in his autumn budget.
For people on Universal Credit, the uprating will mean an extra £26.80 a month for those under 25 and £33.83 more for those older. Joint claimants who are both under the age of 25 will see payments increased by £42.06 a month and couples with at least one person older than 25 will get an extra £53.10.