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To ask the Secretary of State for Work and Pensions, if he will take steps to immediately increase benefits in line with the September 2022 CPI inflation rate when it is announced on 19 October 2022; and if he will make a statement.
To ask the Secretary of State for Work and Pensions, if he will take steps to immediately increase benefits in line with the September 2022 CPI inflation rate when it is announced on 19 October 2022; and if he will make a statement.
The Secretary of State for Work and Pensions has a statutory duty to annually review benefits and State Pensions as outlined in the Social Security Administration Act 1992.
Her review will be conducted based on the earnings growth figures published by the Office for National Statistics (ONS) on 11 October and the CPI figure for the year to September published by the ONS on the 19 October.
Any new benefit and State Pensions rates will come into force in the 2023/24 tax year.