Universal Credit boost

Today the Government are increasing the value of state pensions, Universal Credit and other benefits by 3.1 per cent, helping with the cost of living by putting more money into people’s pockets.

A global energy price spike exacerbated by the war in Ukraine and coupled with inflation mean households face a cost of living challenge.

That is why the Government are increasing the State Pension, Universal Credit, child benefit and other benefits by 3.1 per cent today – changes which will mean the full annual state pension will be over £2,300 higher than in 2010. Pensioners also received 2.5 per cent last year when inflation was flat - meaning their incomes have been protected through the pandemic.

Alongside the £22 billion package of support through this year and next, the Government are doing all they can to ease the pressures on households and help manage day to day costs.