The Chancellor confirmed that most handouts such as unemployment benefit and disability living allowance will rise in line with September’s 5.2 per cent inflation figure.
And OAPs were given the biggest cash increase in the state pension since it was introduced more than 100 years ago.
Under the Government’s rules, the annual increase in pensions and benefits, which comes into effect in April, is linked to the inflation figure from the previous September.
Following warnings that the shock spike in inflation would cost the Treasury as much as £1.8billion, Mr Osborne was considering a recalculation of the uprating to save money. Read More