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<p>The Government is committed to a sustainable, long-term approach to tackling poverty
and supporting people on lower incomes. As seen in the measures announced by the
Chancellor in the Spring Statement, the Government is focused on ensuring more people
are supported into the workforce so that they can seize the opportunities and positive
benefits of work, including changes to the Universal Credit childcare element which
will provide generous additional financial support to parents moving into work and/or
increasing their working hours. From April, State Pensions and benefits including
Universal Credit will increase by 10.1% in line with the Consumer Prices Index for
the year to September 2022. The benefit cap levels will also be increased from April
by 10.1%, ensuring capped households will see an increase in their benefit following
Up-rating.</p><p> </p><p> </p><p>The Government understands the pressures people are
facing with the cost of living, which is why, in addition to the £37 billion of support
we have provided for cost-of-living pressures in 2022/23, we are acting now to ensure
support continues throughout 2023/24.</p>
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