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<p>The current Household Support Fund runs from April 2023 until the end of March 2024, and the Government continues to keep all its existing programmes under review in the usual way.</p><p><strong> </strong></p><p>The Government is committed to reducing poverty and supporting low-income families.</p><p>Our approach to tackling poverty is based on clear evidence that parental employment, particularly where its full time, reduces the risk of poverty. In the financial year 21/22, children living in households where all adults work were around five times less likely to be in absolute poverty after housing costs than those living in workless households.</p><p> </p><p>The Government is putting significant additional support in place for those on the lowest incomes from April. Subject to Parliamentary approval, working age benefits will rise by 6.7% while the Basic and New State Pensions will be uprated by 8.5% in line with earnings, as part of the ‘triple lock”.</p><p> </p><p>To further support low-income households with increasing rent costs, the Government will raise Local Housing Allowance rates to the 30th percentile of local market rents, benefitting 1.6 million low-income households by on average £800 a year in 24/25. Additionally, the Government will increase the National Living Wage for workers aged 21 years and over by 9.8% to £11.44 representing an increase of over £1,800 to the gross annual earnings of a full-time worker on the National Living Wage.</p> |