Impact of inflation on low-income households in the UK

TY - GEN

T1 - Impact of inflation on low-income households in the UK

AU - Bradshaw, Jonathan Richard

PY - 2022/7/4

Y1 - 2022/7/4

N2 - The UK rate of inflation rose to 9% in April 2022, the highest rate for three decades. A cap on domestic fuel prices also increased in April which will double household’s fuel bills. Initially the government did rather little to respond to what is being called “The Cost-of-Living Crisis”, especially for those with low incomes. However when the energy regulator announced that there would be a further 32% increase in the fuel cap in October 2022 the Chancellor announced a package of support costing £37 (€43.7) billion this year.

AB - The UK rate of inflation rose to 9% in April 2022, the highest rate for three decades. A cap on domestic fuel prices also increased in April which will double household’s fuel bills. Initially the government did rather little to respond to what is being called “The Cost-of-Living Crisis”, especially for those with low incomes. However when the energy regulator announced that there would be a further 32% increase in the fuel cap in October 2022 the Chancellor announced a package of support costing £37 (€43.7) billion this year.

UR - https://ec.europa.eu/social/main.jsp?advSearchKey=ESPNFlash&mode=advancedSubmit&catId=22&policyArea=0&policyAreaSub=0&country=0&year=0

M3 - Other contribution

PB - European Union

ER -