An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1 per cent next month.
However, due to payments made in arrears most people will not see a difference until May.State Pension, disability and most working age benefits will be uprated by 10.1 per cent from April in line with the rate of inflation in September, at a cost of £11 billion to the UK Government.
Chancellor Jeremy Hunt is due to announce the Spring Budget on March 15 and will most-likely confirm this increase as he sets out the UK Government's plans to tackle to cost of living crisis.
The uprating means that on average, a family on Universal Credit will benefit by around £600 this year. The benefit cap will also rise in line with inflation, this will see it increase from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally - lower caps for single households without children will rise from £15,410 to £16,967 in Greater London and from £13,400 to £14,753 nationally.
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