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.
Our pre-Budget briefing details how best to invest financial support in children to reduce child poverty and give every child the chance to fulfil their potential.
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.
New statistics released today show that 120,000 households were subject to the benefit cap in February 2022. The benefit cap limits the amount of social security some households receive, with families losing £236 a month, on average.