Liz Truss tells Sky News the government have ‘not yet’ made a decision over benefits

Guardian News published this video item, entitled “Liz Truss tells Sky News the government have ‘not yet’ made a decision over benefits” – below is their description.

In a series of media interviews on Tuesday, Liz Truss told Sky News’s Beth Rigby the government had ‘not yet’ made a decision on whether to increase benefits after the rise of inflation, despite the former prime minister Boris Johnson promising to do so. Johnson had said there would be an uplift as this year’s benefits are pegged against the previous September’s inflation at 3.1%. It is now significantly higher and so the poorest have already seen a major hit to their finances

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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