Autumn Statement: will my benefits increase in 2023?

The Government have set out their spending plan for the year ahead in their Autumn Statement. But if you’re on Universal Credit or other benefits, what will this mean for you?

We’ve had a look at the Government’s plans. Here are four ways the Autumn Statement could affect you next year.

1. Will my benefits increase next year?


The good news is means-tested and disability benefits are set to increase by 10.1%, in line with inflation. This includes Universal Credit, as well as the following benefits:

  • Personal independence payment (PIP)
  • Disability living allowance
  • Attendance allowance
  • Incapacity benefit
  • Severe disablement allowance
  • Industrial injuries benefit
  • Carer’s allowance
  • Additional state pension
  • Guardian’s allowance
  • Child benefit
  • Contributory employment and support allowance
  • Contributory jobseeker’s allowance
  • Statutory maternity/paternity pay and maternity allowance
  • Income-based jobseeker’s allowance (JSA)
  • Income-related employment and support allowance (ESA)
  • Income support
  • Working tax credit
  • Child tax credit

2. When will my benefits increase?


Benefit increases will kick in from April 2023.

3. Will the minimum wage rise?


Yes. The minimum wage for people aged over 23 will increase from £9.50 to £10.42 in April.

4. Will I get support with my energy bills?


The household energy price cap has been extended for another year. However the cap will increase from £2,5000 a year to £3,000 for the typical billpayer.

Households on means-tested benefits will receive £900 in support payments across the year.

There will be a further £150 payment for individuals on disability benefit.

Looking for other ways you can make your budget go further? Check out our article on eight ways to save money if you’re on Universal Credit or benefits.

It’s no secret that times are tough at the moment. If you’re struggling with the cost of living crisis, support is available. Check if you’re eligible for employment support from Work Well.