Inflation: Low Incomes
The question
To ask the Chancellor of the Exchequer, what recent assessment she has made of the impact of inflation on low-income households.
Answered by Torsten Bell
The Government recognises inflation can place particular pressure on low-income households. Analysis from the Office for National Statistics shows that lower-income households spend a larger share of their income on essentials such as food, energy and housing.
The Government is committed to bearing down on inflationary pressures and cutting the cost of living.
Alongside this, the Government is going further to support those who need it most by removing the two-child limit in Universal Credit, increasing the National Living Wage, and committing to the pensions Triple Lock for the duration of this Parliament. The Government has also expanded the £150 Warm Home Discount to a total of 6 million lower-income households, and is expanding free school meals to children in households receiving Universal Credit in England.
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