Chancellor Jeremy Hunt made some major announcements as part of today's autumn statement which will affect millions receiving Universal Credit from the Department for Work and Pensions (DWP).
Among them is a significant increase to a wide range of benefits, including Universal Credit, which could see average amounts rise by £470 for 5.5 million households, according to Mr Hunt.
However, this comes with a caveat as the chancellor also announced more policies under the Back to Work Plan which will see punishments for those who ignore work placement.
The chancellor noted some charities' fears that uprating would be done by the lower October inflation figure. Despite this, Mr Hunt confirmed that September's higher inflation figure of 6.7 per cent would be used. Read more: How much monthly DWP Universal Credit payments will be in 2024/25 Read more: 10 key announcements from Jeremy Hunt's autumn statement including major tax cuts He told MPs: "In today’s autumn statement for growth our choice is not big government, high spending and high tax because we know that leads to less growth, not more. “Instead we reduce debt, cut taxes and reward work.
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