Typically, September’s Consumer Prices Index (CPI) measure of inflation, which this time is 1.7%, is the benchmark for raising benefits the following April.
The amount paid in some benefits should, by law, rise at least at the same rate as prices.
That includes all the main disability benefits, such as personal independence payment, attendance allowance and disability living allowance, as well as carer’s allowance.
Universal credit, the most common benefit which is claimed by seven million people, is among other benefits also expected to rise in line with inflation, but that is a decision for ministers.
It means that the standard allowance of universal credit, for a single person aged under 25, is expected go up by £5.30 a month to about £317.
For a couple aged over 25, the rise is likely to be £10.50 to £628 a month, according to investment platform AJ Bell.
Credit: Source link
