ANNUAL BENEFIT INCREASE?

emc123
emc123 Online Community Member Posts: 103 Empowering
edited October 2022 in Benefits and income
Hi, I know there's Uncertainty re the Level or Type of benefit increase in April but is it Still an Increase as per usual ie The Annual Increase?
As someone I know has mentioned Benefits May Not Be Increased At All This April?
   Surely not true? :-/
Anyone 'In The Know'?  I'm not asking anyone to Speculate obviously :-)  
Just need to know The Annual Increase hasn't been spoken of politically/Government wise as possibly Not Happening At All? X
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Comments

  • emc123
    emc123 Online Community Member Posts: 103 Empowering
    Thanks could you tell me what is SRP and the meaning of Get The Triple Lock?
         And I didn't Know PIP Must rise inline with Inflation that's a good'n to know thank you Woodbine(awesome name btw) :smile: x
  • leeCal
    leeCal Online Community Member Posts: 7,537 Championing
    The Office for National Statistics will report the official rate of inflation on the 19th October, so as woodbine says not long to wait now.
  • emc123
    emc123 Online Community Member Posts: 103 Empowering
    Thank you I just wanted to ask if they'd be so bold as to actually Freeze Benefits.
    Which is all I meant by Not increasing them At All in April as usual x
  • leeCal
    leeCal Online Community Member Posts: 7,537 Championing
    personally I don’t think they will freeze benefits, a significant number of mps want them to rise as per usual. But you never know. 
  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    woodbine said:
    The short answer is that part from those close to govt. no one knows yet,
    I doubt those in govt know themselves yet!
  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    emc123 said:
    Thank you I just wanted to ask if they'd be so bold as to actually Freeze Benefits.
    There has been no suggestion of that as an option in any reports I have read.
  • racyguy
    racyguy Online Community Member Posts: 560 Empowering
    calcotti said:
    emc123 said:
    Thank you I just wanted to ask if they'd be so bold as to actually Freeze Benefits.
    There has been no suggestion of that as an option in any reports I have read.
    At the moment there are two schools of thought. Increase all benefits by the rate of inflation (10%+) or increase them in line with the increase in wages (5.5%).
  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    racyguy said:
    calcotti said:
    emc123 said:
    Thank you I just wanted to ask if they'd be so bold as to actually Freeze Benefits.
    There has been no suggestion of that as an option in any reports I have read.
    At the moment there are two schools of thought. Increase all benefits by the rate of inflation (10%+) or increase them in line with the increase in wages (5.5%).
    Exactly.
  • emc123
    emc123 Online Community Member Posts: 103 Empowering
    To @calcotti and all Thanks so much :-) xxx
  • emc123
    emc123 Online Community Member Posts: 103 Empowering
    edited October 2022
    @woodbine   AbsoBloodyLutely 👏🤞🥰x
  • leeCal
    leeCal Online Community Member Posts: 7,537 Championing
    Things have changed once again and now the benefit rises don’t look so likely in my opinion. 

    Roll on the next general election is all I can say.
  • racyguy
    racyguy Online Community Member Posts: 560 Empowering
    calcotti said:
    To be truthful I don't know anyone that has any time for this organisation - certainly their past history of downplaying anything involving the UK.
  • racyguy
    racyguy Online Community Member Posts: 560 Empowering
    leeCal said:
    Things have changed once again and now the benefit rises don’t look so likely in my opinion. 

    Roll on the next general election is all I can say.

    To be honest this country cannot afford to compensate everyone for the effects of inflation.
    To do so will be the first time this country has done so. 
    Previously during the many periods of high inflation (up to and over 25%) nobody received anything from the State because of it. You just learn to survive and hope for the best.
    I'm waiting for see what would happen if house prices started to fall - would homeowners demand that the government compensate them?

  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    racyguy said:
    calcotti said:
    To be truthful I don't know anyone that has any time for this organisation - certainly their past history of downplaying anything involving the UK.
    "I don't know anyone that has any time for this organisation" - that may be your opinion and that of your circle of friends but doesn't mean that it is without standing.
  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    edited October 2022
    Truss has said in PMQ that she fully supports the Triple Lock for pensions.

    However I have little confidence that she will not say something different in a few days.

    No reassurance on whether or not working age benefits will be raised in line with inflation.
  • racyguy
    racyguy Online Community Member Posts: 560 Empowering
    calcotti said:
    racyguy said:
    calcotti said:
    To be truthful I don't know anyone that has any time for this organisation - certainly their past history of downplaying anything involving the UK.
    "I don't know anyone that has any time for this organisation" - that may be your opinion and that of your circle of friends but doesn't mean that it is without standing.
    Maybe but even this and past governments have not engaged with the organisation.
  • racyguy
    racyguy Online Community Member Posts: 560 Empowering
    calcotti said:
    Truss has said in PMQ that she fully supports the Triple Lock for pensions.

    However I have little confidence that she will not say something different in a few days.

    No reassurance on whether or not working age benefits will be raised in line with inflation.
    It's all down to financial stability. You cannot pay out more than what you have coming in. There are priorities, one of which is trying to reduce our level of borrowing - not adding to it. The interest the country is paying on it is wasted money - much like a credit card debt - it just keeps on rolling up.
    I have said it many times but will repeat it - the Welfare Budget is the easiest to cut and raises the most money with little effort. Surely no one should be expecting the triple lock to remain in place this year - it's far too expensive. Think practical - should all workers also get a 10% pay rise without asking for it?
    Whatever is put on the table by the Chancellor you should be grateful.
    Worst case scenario is 5% to pensioners and a freeze on all other benefits including Pension Credit.
  • leeCal
    leeCal Online Community Member Posts: 7,537 Championing
    She has said she is committed to the triplelock this very day and is in agreement with the chancellor who was sitting next to her!
  • leeCal
    leeCal Online Community Member Posts: 7,537 Championing
    @woodbine said
    One final point every single penny you increase benefits by finds it's way back into the economy thats EVERY SINGLE PENNY.
    I couldn’t agree more woodbine, well said.