Home World UK announces cash support for low-income households

UK announces cash support for low-income households

3 min read

 

LONDON, Jan 3 (Reuters):  Millions of low-income households in Britain will receive cost-of-living support from the government of up to 900 pounds ($1,084) over the financial year, the country s Department of Work and Pensions said on Tuesday.

The money will directly go to claimants  bank accounts in three payments over the financial year, the department said in a statement.

The cash support was announced by Chancellor Jeremy Hunt in his Autumn statement along with a string of tax increases and tighter public spending. The government did not give details on the payment schedule at the time.

There will also be a separate 150 pounds for more than six million disabled people and 300 pounds for over eight million pensioners, the department said.

The latest support package follows a 1,200 pound cash support programme for low-income households last year as Britain struggles with a cost-of-living crisis amid a challenging economic environment.

Author

  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

Load More Related Articles
Load More By Editor in Chief
Load More In World

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Commissioning of Central Control of New Gwadar Airport completed

GWADAR, Dec 20 (INP): The final testing and commissioning of the Central Control & Co…