Current Cost Of Living Increase 2024. Hundreds of operators outside of london have been part of the scheme, which has cost around £500m. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.

Following the cola of 2023, the amount would have gone up by an estimated $92 to $1,151. The cost of living has risen in the uk and across the world since 2022.