Benefits could rise with inflation
Claimants of Universal Credit could soon receive an extra £52 a month, reports have suggested. It comes under plans which reports say could see benefits rise with inflation, thus meaning Universal Credit pay could increase.
The Government has not yet decided on whether or not benefits and pensions will be uplifted - but it's suggested benefits, including Universal Credit and pensions, could rise by 10 percent in line with inflation. This will only happen if Rishi Sunak bows to increasing pressure ahead of next week's Autumn Statement, reports the Mirror.
It is understood the Treasury sent initial plans for major measures to the Office for Budget Responsibility over the weekend, so the experts can start drawing up forecasts. These measures are thought to include raising the state pension and benefits by inflation, reports Birmingham Live.For people claiming Universal Credit this would mean estimated rises of £52 per month for joint claimants, where one or both are aged 25 or over, with the amount rising from £525.72 to around £578.
Joint claimants who are both under 25 could expect their payments to jump from £416.45 to £480.09 per month, while people on a standard allowance aged 25 or over can expect a rise from £334.91 to £368.40. Those who are aged under 25 and on a standard allowance could see their payments jump from £265.31 to £291.84. Chancellor Jeremy Hunt will set out the Autumn Statement on November 17.
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