On Thursday 17 November, Chancellor Jeremy Hunt will set out the Autumn Statement. The Government is under increasing pressure uplift benefits and pensions in line with inflation.
On Thursday 17 November, Chancellor Jeremy Hunt will set out the Autumn Statement.
The Government is under increasing pressure uplift benefits and pensions in line with inflation.
If this does happen, claimants of Universal Credit could soon receive an extra £52 a month as benefits would rise by 10 percent.
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.
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 £578.29.
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.