December benefits payments remain steady amid rising living costs
- The national living wage will increase by 6.7% in 2025, while benefits are set to rise by 1.7%.
- Households are confronting rising financial pressures due to a 10% increase in energy prices and costs of living.
- Support measures, including a cap on repayments from universal credit, aim to assist people facing economic hardships.
In December 2024, individuals in the United Kingdom will receive benefits and pension payments on schedule despite challenging economic conditions. The national living wage is set to rise by 6.7%, while benefits will see a modest increase of 1.7%. Many households may face increased financial strain due to higher energy bills, accentuated by the recent rise in Ofgem's energy price cap from £1,568 to £1,717, marking a 10% increase. In light of these pressures, the government has introduced a cap on deductions from universal credit repayments, decreasing from 25% to 15% of the standard allowance starting April 2025, aiming to provide some relief to vulnerable citizens. Additionally, avenues for charitable grants and local council support can help those facing financial hardships this winter.