State pensions and disability and working age benefits will all be increased in line with inflation next year, Jeremy Hunt has confirmed. It means payments will go up by 10.1% for the estimated 19.2 million families and 39.8 million individuals currently receiving the pension or benefits.
The Chancellor confirmed the move in his autumn budget statement in the Commons yesterday (Nov 17). He said: "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."
