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UK announces cash support for low-income households

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.

($1 = 0.8296 pounds)


Source: Economy - investing.com

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