Spring Budget 2024 Cost Of Living. So we have given the average household £3,400 in cost of living support over the last two years. There were no plans announced to extend cost of living payments in 2024 to 2025 but people on certain working age benefits, including universal credit, will see their payments rise by 6.7%.

A 2p cut in income tax would have cost £13.7 billion a year, while 2p off national insurance would cost £9 billion and a 1p cut would cost less than a third, at £4.5 billion. Cost of living scheme that gives free vouchers and cash extended again the household support fund was first launched in october 2021 and gave each local.