Donate Now

TOP 5 NEWS ON COST OF LIVING IN UK

by | Nov 6, 2023 | News | 0 comments

cost of living

  1. Support for Families Ahead of Winter: The UK government has announced significant support for families facing the cost of living crisis. Measures include freezing bus fares in England and distributing the second instalment of the cost-of-living payment, which totals £900 for the year. Over 8 million households will benefit from this direct payment, with another instalment expected by spring next year.

  2. Second Cost of Living Payment: Low-income households in the UK are set to receive a second £300 cost of living payment, part of a series of payments totaling £900. The payments are being made to people receiving certain benefits such as universal credit and are designed to provide relief during the winter months.

  3. Rising Poverty and Food Insecurity: The cost of living crisis is pushing millions into poverty and deepening food insecurity. Around 14.4 million people were living in poverty in the UK before the crisis, with current figures likely much higher. The Trussell Trust has reported a record number of people seeking help from food banks.

  4. Energy Price Cap and Financial Support: Despite the expiration of the Energy Bill Support Scheme, the UK government continues to provide financial support to low-income households. Payments worth up to £1,350 are being distributed, along with additional support for people with disabilities and pensioners. The Energy Price Cap is expected to fall further, reflecting recent drops in wholesale energy prices.

  5. Food Bank Parcels Expected to Rise: The Trussell Trust anticipates over one million emergency food parcels will be needed this winter, as more than 600,000 people are expected to depend on food banks. This represents an increase from the previous year and highlights the growing need for food assistance in the UK.