On Thursday 21 March, the annual Households Below Average Income (HBAI) report will be released by the Department for Work and Pensions. Estimates are provided for average incomes, income inequality, and for the number and percentage of people living in poverty. The statistics are the UK’s official source of poverty estimates and, with a larger sample size than other surveys, are the main source of data on household and individual incomes.
The cost of child poverty extends beyond the physical and emotional hardship felt by children growing up in low-income families. In 2008, the total financial cost was estimated to be at least £25 billion a year. In 2023, it has risen to over £39 billion a year.
Who is experiencing fuel poverty? What is the relationship between fuel poverty and income? And what is the impact of the mitigations put in place to support people with rising energy costs?
Child Poverty Action Group, Age UK and Save the Children have produced a joint briefing on the importance of uprating all benefits and the state pension in line with inflation.
The Front-loaded Child Benefit Bill is a Private Members’ Bill introduced by Lord Farmer (Conservative). It aims to allow recipients of child benefit to receive, if they wish, a higher rate of child benefit when a child is younger, in exchange for a lower rate when the child is older. This would be an alternative to the current system whereby a flat rate is paid throughout childhood. The second reading will take place on Friday 8 July.
This briefing summaries the findings of two papers from the Benefit Changes and Larger Families research study which explore whether the two-child limit has affected families’ decisions about how many children to have.
New data released today shows that 4.1 million households were claiming universal credit (UC) in February 2022. Benefits were recently increased by less than half the rate of inflation, meaning these families saw the real value of their UC fall by £660 a year on average. And while benefit levels sit at historic lows, an estimated 1.8 million households are receiving an average of £61 less each month than they are entitled to because of automatic deductions from their UC payment.