Chancellor Jeremy Hunt is considering the move as he looks to find money for tax cuts and other spending
ministers consider increasing welfare at a lesser rate with the Treasury facing severe financial constraintsAsked to confirm benefits will rise with inflation, he insisted he would not “speculate on what may or may not be in the Autumn Statement” while insisting the vulnerable should be “reassured” by Government help with energy bills, £900 cost of living payments and increases to the state pension.
But the Chancellor is understood to be considering imposing below-inflation uprating as he grapples with the challenge of having little room for manoeuvre when it comes to making any spending pledges ahead of next year’s election. Pensioners however are expected to get an 8 per cent boost in state payments under the controversial “triple lock” policy.
Asked at the G20 summit in New Delhi whether he could guarantee that benefits would rise with inflation next year, Mr Sunak said: “Now, I know this time of year people always like to speculate about what may or may not be in the Autumn Statement, but there is an annual statutory process, a legal process that we work through every year to do benefits, operating in a whole host of other things.
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