UK Finance Minister Sunak: Will provide targeted support to most vulnerable with £5B in one-off payments By Frank_Macro UnitedKingdom FiscalPolicy
le households in the UK on Thursday, reported Reuters. Sunak pledged to send one-off £650 payments to around 8 million of the country's lowest-income households, amounting to around £5 billion in support.
Moreover, a prior repayment plan on energy bills that would have seen consumer paying off a government loan over the next few years has been converted into a grant and will thus no longer need to be repaid. Thus, the total measures announced on Thursday amount to an addition £15 billion in aid to households, Sunak noted, taking total support since the start of the cost-of-living crisis to around £37 billion.
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