Universal Credit & Benefits Rise by 3.8% in April

0:00On this March 16th in Lester, here's what is making headlines. Universal Credit and other key department for work and pensions benefits will rise by 3.8% starting in April. This includes child benefit, personal independence payment, and more. All tied to last September's inflation rate. The Office for National Statistics confirmed the consumer price index stayed flat at that level. The government reviews these payments every year, using the inflation figure from the previous September as the guide. Most economists in the Bank of England expected it to climb higher, but it held steady instead. This sets the uplift for benefits paid out next month. Claimants saw much smaller boosts last April, just 1.7% because inflation was lower back then. Universal Credit replaced older benefits starting in 2013, and by 2018 new applicants had to use it. Millions rely on it for basics, like housing and childcare support. New rates cover everything from standard allowances to child additions and work allowances.

1:02For example, the standard allowance for a single person under 25 jumps from 316 pounds 98 pints to 300, 38 pounds, 58 pints. Couples and families see similar proportional increases across the board, and a man's quote and increases across the board. These changes aim to keep pace with rising costs, offering some relief amid steady prices. Officials say it helps maintain support levels, though the exact impact varies by household. Keep an eye on your payments in the coming weeks. This episode is brought to you in partnership with our sponsor. When you need a moment alone, just lay back and listen, S-O-L-I-SoliPillow.com.