
UK benefits fall to their lowest value in 50 years
Benefits will be uprated by just 3.1% today, despite inflation expected to be around 7.7% this month, with the Bank of England warning that it could reach even higher towards the end of the year.

Benefits will be uprated by just 3.1% today, despite inflation expected to be around 7.7% this month, with the Bank of England warning that it could reach even higher towards the end of the year.

The chancellor is facing further pressure amid claims that suggested strategies to help the poorest households were vetoed by the Treasury.

No empathy from Sunak for pensioners, the poor, sick, unemployed, workers and graduates.

‘For this was a budget where Sunak chose to prioritise his own Thatcherite ideology rather than the cost of living crisis.’

‘As war continues to rage in Ukraine, sending already surging gas prices even higher, the Chancellor investing in net zero isn’t just good economic policy, it’s also in the interests of our national security.’

Millions of families up and down the country are struggling with the cost of living crisis, which according to the Bank of England has seen the cost of living hit a fresh 30-year high.

‘It is only the visible hand of government policies that is condemning people to poverty and hardship.’

The news you didn’t seek this week…

The New Economics Foundation (NEF) says that 23.4 million people in the UK will be short by more than £8,500 a year for income needed to pay for essentials including food, heating and clothing by next month.

As people are forced to choose between heating and eating as the cost-of-living spirals, the PM will hail the £250m boat as a symbol of ‘Global Britain.’