independent.co.uk
UK Cost of Living Crisis: Support and Outlook
Analysis of the UK's cost of living crisis, government support measures, and the impact on households.
English
United Kingdom
EconomyHealthLabour MarketUkInflationGovernmentEnergySupport
Bank Of EnglandThe Trussell TrustLabour PartyDwpOfgem
Rachel Reeves
- When and how will benefit rates change in the UK?
- Benefit rates will increase by 1.7 percent from April 2025, matching the September CPI figure. This increase will apply to various working-age benefits, but some campaigners advocate for a higher adjustment due to inflation.
- What is the current status of the energy price cap in the UK?
- The Ofgem energy price cap increased in October, leading to higher bills for most households. This rise reflects the increased cost of wholesale energy, impacting household budgets during the colder months.
- What is the current state of the UK economy concerning the cost of living?
- The UK is experiencing a cost of living crisis, with inflation recently dropping below the Bank of England's target but costs remaining high. Millions struggle with household bills, groceries, and housing expenses.
- What financial support measures did the Labour government's budget include?
- The Labour government's recent budget included a 6.7 percent increase in the national living wage and a 1.7 percent uprating of benefits, but reports indicate that many low-income households still face severe financial difficulties.
- What types of financial assistance are available to UK households in November?
- Various support measures are available in November, including the continued Household Support Fund distributed by local councils, budgeting advance loans, charitable grants, energy provider assistance, council tax reductions, and the warm home discount.