Low Incomes

(asked on 16th May 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to help support people on lower incomes.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 23rd May 2024

The government has supported people on lower incomes by increasing working age benefits by 6.7%; raising Local Housing Allowance to the 30th percentile of market rents with an average gain of £800, extending the Household Support Fund and increasing the National Living Wage by 9.8%.

The government has also maintained the triple lock, frozen fuel duty, removed Debt Relief Order fees and doubled the Budgeting Advance Loan repayment period.

Over 2022-23 and 2023-24, the government has provided support to help households with the cost of living totalling over £90 billion.

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