The Minimum Wage will be increasing by 6.7% to £12.21 per hour for anyone over 21. For those aged 18 to 20, it will rise from £8.60 to £10, while the minimum wage for 16–17-year-olds will go up from £6.40 to £7.55 per hour. Additionally, the apprentice rate for eligible apprentices under 19 will increase from £6.40 to £7.55 per hour.

Benefits will increase by 1.7% in line with inflation, which is estimated to provide an additional £150 for the average Universal Credit claimant.

The cap on Universal Credit deductions will be reduced from 25% to 15% which should help around one million households receive an extra £420 a year.

The State Pension will rise by 4.1% in April which will be worth an average of an additional £470 a year.

The Household Support Fund will run until March 2024 with a £421m extension, and a further £579m will be allocated to Discretionary Housing Payments which is available to anyone entitled to housing benefit or the housing element of Universal Credit to help with housing costs.

Full-time carers can now earn up to £10,000 a year and still be entitled to Carers Allowance (an increase from £151 to £196 a week).

The Help to Save scheme has been extended by two years to April 2027. The scheme offers people on Universal Credit a savings account where they can save a maximum of £50 a month for four years and receive a 50% Government boost at the end of year two and year four, worth up to £1,200 over the four years.

No rise income tax or National Insurance for employees.

Investment in breakfast clubs will be tripled to £30m.

The 5p cut to fuel duty on petrol and diesel will be extended beyond April 2025 for another year.

The cap on single bus fares for many routes in England will increase from £2 to £3. However, single bus fares in London will stay at £1.75 and in Greater Manchester at £2, due to different funding arrangements in these cities.

£3.4bn will go into the Warms Home Plan to improve properties for low-income homeowners. Households could get up to £30k for energy improvements.

The Local Housing Allowance remains frozen which is a risk for private renters who will be on average £243 worse off in 2025/26 and risks them falling into homelessness.

Despite a lot of campaigning, the two-child limit on benefits has not been scrapped and Winter Fuel Payments will be removed for anyone not on benefits as previously announced.