Lindsay Judge, research director at the Resolution Foundation, said: “The Government is reportedly considering returning to a tried-and-tested way of saving the exchequer money, by not uprating benefits in line with prices next year. The Consumer Prices Index (CPI), a measure of inflation, figure for September - due to be published on Wednesday - is what ministers traditionally base any April rise in working-benefits on.Īccording to the Office for National Statistics, CPI in August was 6.7%, with the September rate likely to have been similar. Mr Hunt is under pressure from right-wing Tory MPs to come up with tax cuts before the UK goes to the polls.Īccording to reports last month, Treasury officials were said to be considering real-terms benefits cuts as part of cost-saving options being drawn up in time for the autumn statement in November.
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