The UK government has provided an estimated £5 billion in support to assist families with energy costs throughout the winter season.
Highlights of the support include:
-Over £4 billion allocated to pensioners between November and March through the Winter Fuel Payment and Pensioner Cost of Living Payment schemes.
-Approximately £550 million spent during the winter as part of the Warm Home Discount program, benefiting three million households.
-Distribution of over 1.1 million Cold Weather Payments totaling £29.6 million, with a significant portion allocated to low-income pensioners receiving Pension Credit.
This support has been crucial in mitigating the impact of rising inflation, exacerbated by Putin's illegal war in Ukraine. With energy bills decreasing, wages on the rise, and taxes being reduced, individuals are expected to have more disposable income to stimulate economic growth.
Minister for Pensions, Paul Maynard, emphasized the government's commitment to supporting vulnerable populations, particularly pensioners. Measures such as uprating the State Pension and increasing Local Housing Allowance rates aim to alleviate financial strain for those in need.
The government's comprehensive support package, totaling £108 billion over 2022-2025, includes measures to drive down inflation and ensure targeted assistance reaches those most in need. Additionally, benefits like Universal Credit and the State Pension have been increased to align with inflation, providing further relief to households across the UK.