Briefing on trends in the cost of essentials and support for living costs
Families across the country are suffering a double whammy of falling benefits and the rising cost of essentials. Despite inflation hitting historically low levels, ongoing significant increases in housing, energy and food means that families' weekly budgets are under increasing strain. At the same time, benefits such as Child Benefit have lost real value, particularly since 2010.
This briefing note summarises the full data analysis exploring historical changes in the value of income-replacement benefits and child benefit in relation to inflation.