As millions of Brits buckle under the strain, little help is coming from the state.
A £20 increase in Universal Credit payments, put in place in March 2020, was scrapped by the government in October 2021. The government insisted it was always temporary, but the move drew ire from all corners. Footballer Marcus Rashford said millions of families had “lost a lifeline and a means of staying afloat”. Even some Conservative MPs argued against the cut.
Rishi Sunak’s increase in the National Insurance threshold, announced in his spring statement mini-budget, won’t affect those who earn less than £12,570. Benefits are due to rise by 3.1 per cent in April but, with inflation forecast to average 7.4 per cent this year, will effectively decrease.
It has been forecast 1.3 million will…