The exact amount you will see yours go up by after Labour's first Budget of the new government depends on your specific circumstances - it could be good news for those on Universal Credit, housing benefit, and pension credit
Labour is set to reveal its first Budget in nearly 15 years, with a blend of pledges to increase pay for minimum wage workers. Keir Starmer confirmed on Monday that the £2 bus fare cap across England will rise to £3.
Chancellor Rachel Reeves is expected to announce that these benefit rates will rise in line with the consumer price index measure of inflation from September 2024, equating to an increase of 1.7%. This is positive news for millions of individuals on benefits such as Universal Credit, housing benefit, and pension credit, as they will start receiving more money from April 2025.
Benefits Disability Benefits Pensions DWP
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