FINANCE

Autumn Statement: Working age benefit sees 1% increase until 2015/16

George Osborne has announced in the Autumn Statement benefit and tax credits will see a below-inflation rate rise of 1%.

Benefit and tax credits will see a below-inflation rate rise of 1% over the next three years, Chancellor George Osborne has announced in the Autumn Statement.

In a move intending to create better incentives for claimants to take on work, working age benefits - including jobseekers' allowance, employment and support allowance and income support - will rise by below inflation rates of 1% over the next three years, counteracting five year rises which have seen average earnings increase by 10% and out of work earnings by 20%.

Popular articles by Tom Bridge

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?