State pension increases by 3.1% and benefits has come into effect But charities have warned that they cannot handle cost-of-living pressures.
Therefore, the
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Official figures show that the price has doubled rapidly. and is expected to accelerate further The government said it was aware of people's problems and was helping.late last year The ministers have decided to temporarily cut the state pension from the median income. This will give an 8% increase now.They pledged to reinstate the so-called pension. "Triple Lock" in the years to come
Squeeze the household budgetPrices are rising at their fastest rate in 30 years, with costs rising in different sectors of the economy.This increase in the cost of living is measured by inflation. Official forecasts are expected to peak at nearly 9% later this year, largely due to higher gas and electricity bills.inflation rate chart Official statisticians and various economists It said those with the lowest incomes were more likely to be affected by higher living costs.
Those affected include Collette, a mother of two, whose income comes from international credit. This was one of the benefits that increased 3.1% this year.Gas and electricity ingested everything,” she told the BBC. “Food costs went up too. This year, the debt is overwhelming. This time it will all be destroyed.
