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Impact of inflation on low-income households in the UK

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DateAccepted/In press - 6 Jun 2022
DatePublished (current) - 4 Jul 2022
PublisherEuropean Union
TypeESPN Flash Report
Number of pages3
Original languageEnglish

Abstract

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.

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