More bills are be going up from April 2023 but there will be some increases to benefits and the minimum wage to help narrow the gap for millions of households across the UK. There will be a number of legal changes next month for the next financial year which starts in April.
People will see higher mobile and broadband bills while there will also be changes to Universal Credit, Personal Independence Payments (PIPs) and water bills. While people's council tax bills are also going up across the country.
All this at a time when incomes are squeeze in the cost of living crisis. Below are some of the changes coming into force next month, as reported by BirminghamLive.
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Inflation-linked benefits and tax credits will rise by 10.1% from April 2023, in line with the Consumer Prices Index (CPI) rate of inflation in September 2022. Jeremy Hunt said the 'expensive commitment' worth 11 billion means 10 million working-age families will see a much-needed increase next year and, on average, a family on universal credit will benefit next year by around 600.
The benefit cap will rise from 23,000 to 25,323 for families in Greater London and from 20,000 to 22,020 for families nationally. Lower caps for single households without children will rise from 15,410 to 16,967 in Greater London and from 13,400 to 14,753 nationally.
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