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UK announces cash support for low-income households

Published 01/02/2023, 07:52 PM
Updated 01/02/2023, 07:55 PM
© Reuters. FILE PHOTO: People walk along a busy shopping street, during the traditional Boxing Day sales in London, Britain, December 26, 2022. REUTERS/Maja Smiejkowska

(Reuters) - Millions of low-income households in Britain will receive cost-of-living support from the government of up to 900 pounds ($1,084) over the financial year, the country's Department of Work and Pensions said on Tuesday.

The money will directly go to claimants' bank accounts in three payments over the financial year, the department said in a statement.

The cash support was announced by Chancellor Jeremy Hunt in his Autumn statement along with a string of tax increases and tighter public spending. The government did not give details on the payment schedule at the time.

There will also be a separate 150 pounds for more than six million disabled people and 300 pounds for over eight million pensioners, the department said.

The latest support package follows a 1,200 pound cash support programme for low-income households last year as Britain struggles with a cost-of-living crisis amid a challenging economic environment.

($1 = 0.8296 pounds)

Latest comments

And there goes all the effort to stop inflation. Not because it's wrong BUT because the system is beginning to collapse. New paradigm or... you know. 🦽
one step forward 2 steps backwards
in the end, all leads to bankruptcy of a nation for the shame
UBI. And so it begins.....
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