Sunak to unveil £ 500million grants to ease cost of living for UK’s poorest: CityAM

Rishi Sunak is set to announce £ 500million in grants to help the country’s poorest during the current cost-of-living crisis facing the UK.

The Chancellor is expected to announce in his Conservative Party conference speech next week that it will be put in place to help households meet costs during what is expected to be a difficult winter.

Soaring energy prices, higher-than-expected inflation and a £ 20-a-week cut in the universal credit increase will lead to more households facing poverty, activists and some advocacy groups say. reflection.

The leave scheme is also set to end this week, which will plunge heavily into unemployment.

Bloomberg reports that the £ 500million in grants will be distributed by local authorities and replace the Covid-19 local support grant scheme.

The Treasury declined to comment on the policy.

Labor and a growing number of Conservative MPs have called on the government to do more to alleviate pressure from the nation’s poorest.

Conservative MPs Robert Halfon and Christopher Chope have called for a reduction in VAT on energy bills to offset the upcoming increase in the energy price cap.

Labor is calling for the universal credit cut to be overturned, which will cut annual benefits by £ 1,000.

Speaking at a Labor Party conference, Parallel Work and Pensions Secretary Jonathan Reynolds said: “This is the biggest cut ever to the welfare state.

UK Prime Minister and Cabinet Prime Minister hold press conference on social protection plans

“One in 14 workers will be a loser at a time when all other bills go up. The very key workers who got us through this crisis remained in difficulty. “

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