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Millions of Brits on Universal Credit or receiving benefits will see their payments increase next year, the Labour Party government has confirmed.

Chancellor Rachel Reeves made the announcement as part of the Autumn Budget, which is currently being delivered.

Universal Credit , PIP and Carer's Allowance will increase every year to help those deal with the rising cost of living.

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The latest figures mean the UC standard allowance is set to rise from £92 to £98 per week for single people, while it will rise from £145 to £154 per week for couples.

One of the biggest announcements was the confirmation that Cash ISA's tax-free allowance has been slashed from £20,000 down to £12,000.

It has been the source of much

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