Chancellor Rishi Sunak announced the additional funding, which will be available from April and goes towards supporting vulnerable households, in the Spring ...
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And savings on their energy bill of over £300 per year.” "To help the most vulnerable households with the cost of essentials such as food, clothing and utilities, the government is also providing an additional £500 million for the Household Support Fund from April, on top of the £500 million already provided since October 2021, bringing total funding to £1 billion,” reads the Spring Statement. 50% of it is reserved for households with children and, of the original £500 million, £421 million was allocated to the most vulnerable groups in England, while £80 million was given to devolved administrations.
CHANCELLOR Rishi Sunak today announced that the Household Support Fund will be doubled to £1billion.
Mr Nair said doubling the Household Support Fund, which local authorities can offer vulnerable residents, from £500million to £1billion, would go "go a long way to help the rapidly growing number of people that are having to choose between heating and eating". In the House of Commons, Mr Sunak said: “I want to do more to help our most vulnerable households with rising costs.“They need targeted support so I am doubling the Household Support Fund to £1billion with £500million of new funding. Pensions could be targeted by Rishi Sunak in Spring Statement As well as the extra money for the Household Support Fund, Mr Sunak also confirmed a 5p cut to fuel duty and significant increase to the National Insurance threshold to further support low income households. “And while we welcome the continuation of the Household Support Fund, it’s designed for one-off unexpected costs, so this measure is grossly insufficient when families are facing soaring costs every day.“The government must do more. Jayadeep Nair, the chief product and marketing officer for Equifax UK, predicted the extra funding will “go a long way” to mitigating the cost of living crisis. On Twitter, financial journalist Martin Lewis said the decision to double the support fund “won’t impact” the majority of low income households who will need it most.
Delivering his Spring Statement to the House of Commons, the Chancellor Rishi Sunak outlined a range of immedia.
A £5bn tax cut for over 30 million people.” Mr Sunak explained: “A tax cut for workers, for pensioners, for savers. “It is a tax cut for employees worth over £330 a year."
Chancellor Rishi Sunak announced that the Household Support Fund will double to £1bn in today's Spring Statement, but he has been heavily criticised for not ...
Without this increase we will see people already struggling, many with mental health issues, plunged into further financial distress by what amounts to the second cut to their household income in less than six months.” If you’re struggling to make sense of what’s on offer, it’s always worth talking to Citizens Advice, who know the system well and can offer all the guidance you need.” Last week saw a group of 58 charities call for an increase to benefits in line with inflation. Caroline Abrahams, charity director at Age UK, said: “Older people tell us that every time they go shopping the prices seem to have gone up again, and that’s really tough to manage if you’re reliant on a meagre pension. Jobson pointed out that the Spring Statement also contained little reprieve for young people. Myron Jobson, senior personal finance analyst at Interactive Investor, said: “The nil VAT levy on energy efficient equipment such as solar panels does nothing to help alleviate the crushing cost of living pressures the nation’s most vulnerable individuals.
Rishi Sunak has is doubling Household Support Fund to £1billion in a bid to help struggling families - what is it and how can you apply?
You should check the website of your local council in order to see what the eligibility requirements are in your area. The eligible age also varies – in some cases you can be 16 or over to apply, elsewhere it’s limited to those over the age of 18. The Chancellor announced in the Commons he is doubling the Household Support Fund to £1billion, with local authorities best placed to help those in need in their areas.
CHANCELLOR Rishi Sunak announced that £500million has been added to the Household Support Fund in his Spring statement today.It means that the fund h.
That means that the eligibility requirements to access the fund could also vary - it's best to check with your local council for more details. Families who live in the North Yorkshire County Council catchment area were able to claim a £125 voucher to help pay for food and other essentials. Councils up and down the country got a slice of the £500million funding available to dish out to Brits in need.
Cllr Richard Bell, Deputy Leader of Durham County Council and Cabinet member for finance: “We know the cost of living crisis is a cause of great concern to many ...
It is also good that the Chancellor is looking at tax breaks for training and changes to the apprenticeship levy. “The VAT cut to energy saving materials is good for the construction industry, which has been at the mercy of a range of factors in recent years. There needed to be more to tackle the huge pressures created by the cost of doing business at present. The fund is vital to supporting skills development, local businesses and adult literacy and numeracy initiatives. We will consider the updated prospectus once published to ensure that the best possible proposals can be considered in line with the funding criteria. We successfully secured £20 million from the first round of funding for the Bishop Auckland constituency as part of a broader £32 million investment.
Under all likely scenarios, millions of households will still face energy bills that are unaffordable.
Data from the Climate Change Committee shows that rates of insulation for cavity walls and lofts plunged in 2013 and have never recovered. In similar vein, the scrapping of 5% VAT on green home improvements such as solar panels, heat pumps and insulation products for the next five years looks a mere tweak. The chancellor trumpeted the sum as a doubling in resources, but it is a doubling from a low base. Instead, the volatility in estimates is a reminder that a lot can happen in the course of a few weeks or months. The open question for next winter is the degree of financial pain. There is no sense in which the £500-ish difference can be considered a saving, of course.
Local authorities set to benefit from a multi-million-pound boost to the household support fund to support hard-pressed residents, says Chancellor Rishi ...
Councils will need maximum flexibility and quick details on allocations, so they can ensure this funding reaches those in need and can be used to prevent families from reaching crisis point in the first place. ‘That’s a £6bn personal tax cut for 30 million people across the United Kingdom. We touch the lives of adults, children and families when they are most in need, and are proud to support their journey through life in Harrow. A £5bn tax cut for over 30 million people.’ Open access to UPRNs and USRNs set to unlock the power of place CTEK and EVC sign deal to help meet the growing demands for EV charging in the UK