Martin Lewis addresses ‘limited’ support from Rishi Sunak | Personal Finance | Finance

0

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.

However, some experts in poverty within the UK believe more can be done to target the country’s ‘most vulnerable’ households

Dan Paskins, the director of UK Impact at Save the Children, explained: “The measures the chancellor has announced will benefit those on middle and higher incomes most and won’t come close to closing the gap rising prices have left in family budgets.

“A 5p cut to fuel duty coupled with an increase to the national insurance threshold translates into an additional £18.40 per month for the poorest families, in the context of a real-terms income cut of £55 a month.

THIS IS A BREAKING STORY…

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment