December 2022 – Autumn Statement

He also confirmed that the government will continue protect the pensions triple lock.

As a result, the state pension will increase in line with inflation, resulting in an £870 increase.

The benefit cap will be raised from £20,000 to £22,020 for families nationally and from £23,000 to £25,323 in Greater London. For single adults it will be raised from £13,400 to £14,753 nationally and from £15,410 to £16,967 in Greater London.

Elsewhere in the Autumn Statement 2022, the government announced that it will provide further cost of living payments across the UK in 2023/2024, with households on means-tested benefits to receive £900, pensioner households to receive £300 and individuals on disability benefits to receive £150.

Amongst other measures, the government also announced that it would bring forward the nationwide rollout of the In-Work Progression Offer, starting with a phased rollout from September 2023, with the effect that more than 600,000 in-work universal credit claimants whose household income is typically between the equivalent of 15 and 35 hours a week at the national living wage will be required to meet with a dedicated work coach to increase their hours or earnings.

Other measures such as the merger of pension-age housing benefit and pension credit, with the introduction of a new pension credit housing element have been pushed back (in this case to 2028/2029).

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