A UK means-tested benefit system consolidating six payments for low-income, working-age households.
Cost of living concerns grow as Middle East conflict disrupts global oil markets, raising prices for essentials. Inflation remains at 3%, but household confidence drops, with many dipping into savings. Benefit payments are adjusting for April, with universal credit recipients set for a boost.
Ofgem has confirmed the energy price cap will increase by 13% from July, pushing typical annual bills to £1,862. The shift is driven by higher wholesale gas prices amid the Middle East conflict. About 40% of accounts are on fixed tariffs and are unaffected. Households are advised to consider fixed deals and smart-meter off-peak pricing.
Devolved welfare policy shows regional differences in entitlements, with Scotland benefiting more from certain supports. England and Wales have lower access in some cases, while local council tax reductions vary by locality. Separately, SNAP benefits have shrunk as a new U.S. law raises work requirements and state cost responsibilities, impacting millions of beneficiaries.