![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/martin-lewis-gives-verdict-on-budget-and-shares-fears-for-squeezed-middle/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/1_JS282962643.jpg&description=MoneySavingExpert.com founder Martin Lewis - who live Tweeted his responses to Jeremy Hunt's Autumn Budget today - said anything less would have been 'devastating'Martin Lewis, founder of MoneySavingExpert.comMoney guru Martin Lewis has responded to Chancellor Jeremy Hunt's Autumn Statement today, welcoming the 10.1% increase in benefits and state pension. However, he said it would be "difficult" for the "squeezed" middle, as many won't be eligible for much of the support announced. The founder of MoneySavingExpert.com shared updates on Chancellor Jeremy Hunt's budget as it happened on Twitter. He wrote afterwards: "I am very pleased that both benefits and the state pension are being increased by the 10.1% September inflation rate. "It only happens from next April, and it will still be hard for many, but if it was less than this it would've been devastating." It comes after Hunt announced that both pensions and Universal Credit would go up in line with inflation. Autumn Statement 2022 summary: All Jeremy Hunt's announcements at a glance Chancellor of the Exchequer Jeremy Hunt delivering his autumn statement to MPs in the House of Commons. ( PA) A 10.1% rise - costing £11bn - will likely take the New State Pension up by £18.70 a week, from £185.15 to £203.85. The rise will be worth £870 over the year. And it will take the standard allowance in Universal Credit for a single person over 25 from £335 to £369 a month. The average family on the benefit will benefit by around £600, Mr Hunt said. Speaking shortly after on Radio 4's World at One, Lewis said it "certainly looks like help has been put in place for those on the lowest incomes". He added, however, that it would be "difficult for those in the 'squeezed middle'" - especially when it comes to energy costs. "They won't get any help apart from the Energy Price Guarantee," he added. The Energy Price Guarantee - a state subsidy applied to all energy bills - will run until the end of March 2024, Hunt announced. Lewis sa){kind=link}
MoneySavingExpert.com founder Martin Lewis – who live Tweeted his responses to Jeremy Hunt’s Autumn Budget today – said anything less would have been ‘devastating’
Money guru Martin Lewis has responded to Chancellor Jeremy Hunt’s Autumn Statement today, welcoming the 10.1% increase in benefits and state pension.
However, he said it would be “difficult” for the “squeezed” middle, as many won’t be eligible for much of the support announced.
The founder of MoneySavingExpert.com shared updates on Chancellor Jeremy Hunt’s budget as it happened on Twitter.
He wrote afterwards: “I am very pleased that both benefits and the state pension are being increased by the 10.1% September inflation rate.