If benefits don't rise with prices, families could lose a grand a year

Income loss in 2024/25 if Universal Credit uprated by earnings instead of inflation for the next two years

Note: If uprating is by 5.4% (August 2022 earnings growth) and 5.25% (BoE forecast for earnings growth in 2023), rather than 10.1% (projected September 2022 CPI) and 9.5% (BoE forecast Q3 2023 inflation)

Source: Resolution Foundation analysis