The 14 profit rises to be confirmed in tomorrow’s Budget – see full listing
Labour is poised to unveil its first Budget in nearly 15 years with a mix of promises to boost pay for minimum wage workers while Keir Starmer also confirmed on Monday that the £2 bus fare cap across England will rise to £3.
While the final content of the budget will be revealed tomorrow, there are some changes we can be reasonably certain will be in there. For example benefit payments usually go up each spring to keep up with inflation.
Chancellor Rachel Reeves is expected to announce these benefit rates will go up in line with the consumer price index (CPI) measure of inflation from September 2024, this means a rise of 1.7%.
This is good news for millions of people on benefits such as Universal Credit, housing benefit, and pension credit, as from April 2025 they will start receiving more money.
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Meanwhile the triple lock on state pensions, which ensures the state pension rises in line with whatever is greatest out of, wages for May to July, 2.5% or September’s inflation figure – meaning this year that is wage growth coming in at 4.1% the Sun reports.
Check below for how much each benefit or state pension could increase from April 2025 – we’ve calculated an increase of 1.7% for benefits and 4.1% for state pension but the exact amount you will see yours go up by depends on your specific circumstances.
Universal Credit (per month)
Under 25s (single) from £311.68 to £316.98
Under 25s (joint claim) from £489.23 to £497.55
Over 25s (single) from £393.45 to £400.14
Over 25s (joint claim) from £617.60 to £628.099
Housing benefit
Single person of pension age from £235.20 to £239.20
Lone parent of pension age from £235.20 to £239.20
Couple (one or both) pension age from £352 to £357.98
Dependent child/young person under 20 from £83.24 to £84.66
Personal independence payment (PIP)
Daily living component from £108.55 to £110.40 (enhanced) or from £72.65 to £73.89 (standard)
Mobility component from £75.75 to £77.04 (enhanced) or from £28.70 to £29.19 (sandard)
Employment support allowance (ESA)
Under 25s (single) from £71.70 to £72.92
Over 25s (single) from £90.50 to £92.04
Lone parent (under 18) from £71.70 to £72.92
Lone parent (18+) from £90.50 to £92.04
Attendance Allowance
The higher from £108.55 to £110.40
Lower rate from £72.65 to £73.89
Pension credit (weekly)
Single from £218.15 a week to £221.86
Couples £332.95 to £338.61
Disability living allowance (DLA) for under 16s and older people whose DLA hasn’t turned into PIP
Highest amount from £108.55 to £110.40
Middle amount from £72.65 to £73.89
Lowest amount from £28.70 to £29.19
Mobility component higher amount from £75.75 to £77.04
Mobility component lower amount from £28.70 to £29.19
New-style jobseeker’s Allowance (weekly)
Under 25s rom £71.70 to £72.92
Over 25s from £90.50 to £92.04
Carer’s Allowance (weekly)
From £81.90 to £83.29
Child benefit (weekly)
Eldest or only child from £25.60 to £26.04
Each additional child £16.95 to £17.24
Maternity, paternity, adoption and shared parental pay (weekly)
From £184.03 to £187.16
Maternity allowance (weekly)
From £184.03 a week to £187.16
Statutory sick pay (weekly)
From £116.75 to £118.73.
State pension
New state pension full rate from £221.20 a week to £230.27
Old state pension from £169.50 to £176.45
