Which benefits are going up and by how much?

Inflation figures for September will impact benefits like Universal Credit, set to rise by 6.2% next year, reflecting 3.8% inflation with a 2.3% uplift. State pensions under the triple lock system will rise by 4.8%, with the new flat-rate state pension expected to increase to £241.30. Rising wages may counter increasing prices, but pay growth has been weak, with the Bank of England possibly considering an interest rate cut to combat inflation above the 2% target. This could lower mortgage rates but impact savings rates.