Surprise fall in UK inflation badly timed for benefit recipients

Surprise fall in UK inflation badly timed for benefit recipients
By: The Guardian Posted On: October 16, 2024 View: 8

Payments such as universal credit linked to previous September’s figure, meaning a rise of just 1.7% in AprilLast month’s surprise fall in UK inflation lands with bad timing for millions of people who receive state benefits linked to the figure, who can now expect their payments to rise by just 1.7% next April.A number of benefits, including universal credit, are increased each tax year in line with the cost of living figure for the previous September. Continue reading...

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