A variety of changes to benefits will be introduced throughout next year
Millions of households across the UK are continuing to keep an eye on their finances in the face of a worsening cost of living crisis.
There is a bank holiday on Monday, January 2, which is a replacement bank holiday for New Year's Day, which is on a Sunday. If you'd normally expect a benefit payment on this day, you'll likely be paid on Friday, December 30 instead. Every household in the UK will receive a total £400 discount on their energy bill between October 2022 and March 2023. In October and November, £66 will be taken off energy bills while in December, January, February, and March, £67 will be knocked off.
Last March former chancellor Rishi Sunak didn't announce any changes to Universal Credit or other DWP benefits but depending on the cost of living situation at the time, Mr Hunt could potentially announce an update. The higher work allowance for those with one or more dependent children, or limited capability for work, will increase from £573 to £630.87, while the lower work allowance is going up from £344 to £378.74.For couples:Pension Credit exists to support retirees on a low income. From April next year, the rates will rise as follows:
There are also further rates for couples, those with disabilities or caring responsibilities, which can be found here.Jobseekers Allowance exists to support unemployed people while they look for a job. It’s being replaced by Universal Credit, but those still claiming JSA will see their payments increase in the new year.Maternity, paternity, adoption and shared parental pay
"Over this period a typical household bill in Great Britain will be reduced to around £3,000. Based on projections of the undiscounted price of energy, this is expected to save the typical household in Great Britain around £500."
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