Forecasters have increased their estimate for the January 2023 energy price cap to £5,386 for the typical bill. If as expected, this estimate is accurate, families are now facing a gaping £1,200 shortfall for energy costs alone in the months up to April 2023.
Low-income families will have an estimated £1,000 shortfall for energy costs alone in the year to April 2023, if as expected Ofgem’s price cap rises to £3,554 in October, new analysis from Child Poverty Action Group (CPAG) shows. An announcement on the new cap is due tomorrow.
This paper is a revision of the analysis which was published by Child Poverty Action Group on 1 August. On 2 August new gas and electricity price cap estimates were published for October 2022 and January 2023 which slightly lowered the estimates for October and slightly increased them for January.
By January 2023 over half of households in the UK (15 million) will be in fuel poverty – spending over 10 per cent of net income on fuel. They will on average be spending £38.25 above the 10 per cent threshold. There are big regional variations in fuel poverty ranging from 47.5 per cent in London to 71.7 per cent in Northern Ireland.
New research shows affected families can’t afford what they need for their kids. 59% (210,000) families caught by the limit are working. Today’s first instalment of cost-of-living emergency payment won’t do enough.
The Universal Credit (Removal of the Two Child Limit) Bill is a Private Members’ Bill brought forward by the Lord Bishop of Durham to remove the limit in universal credit (UC) that restricts support to just the first two children in a family. The second reading will take place on Friday 8 July.
Around 35,000 more families could have their benefits capped next April, leaving them with a growing gulf between their income and rising costs, new Child Poverty Action Group (CPAG) analysis shows.
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.
I have found this whole cost of living subject a difficult one for us in particular. It is topical at the moment and is a constant weight on my mind. There's no escape, everywhere I turn, it’s all around me. The TV, the news and social media. I’m tired of it and the continuous daily struggle. I feel we’ve been experiencing and have been living this for some time.
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.