Universal Credit, PIP and state pension claimants to get big payment rise next year | Personal Finance | Finance

Speaking in Parliament, Mr Clarke said: “The United Kingdom spends £243billion a year on our wider welfare spend, including pensions. This is a country where we do a huge amount to make sure that everyone is supported.

“We have to consider all our decisions in the context of both wider affordability and also how the system operates.

“The welfare system always operates on the basis of an uprating in September for changes in the ensuing April.

“If there is high inflation, as is forecast, during the course of 2022 that will be reflected in the uprating figures for April 2023 and the triple lock will be in place to protect families.”