Mims Davies MP, and Department for Work and Pensions Minister, is pleased to share the news of Employment boost of 200,000 as cost of living support extended.
Following the next generation of welfare reforms announced last Autumn – including the flagship £2.5 billion Back to Work Plan – more people will be rewarded for hard work with cuts to National Insurance worth £900 for the average employee this year.
We have already delivered on our plan to halve inflation, which is down to 4% from its peak of 11% thanks to the steps taken by this Government. As inflation continues to fall, millions of families will also benefit from extra support with the cost of living – helping deliver the long-term change our country needs to deliver a brighter future for Britain and improve economic security and opportunity for everyone.
The Household Support Fund – first introduced in October 2021 – will be extended for a fourth time. The extension, backed by £500 million, will support the most vulnerable households.
Alongside the continued cost of living support, jobseekers will be encouraged to secure long-term financial security through work following the extension of the Additional Jobcentre Support pilot.
The pilot will be expanded to a further 30 sites – reaching 150 in total – and will deliver intensive support so more people can secure the physical, mental, and financial benefits work brings.
DWP Minister, Mims Davies MP, said:
"To help support households from falling into debt, we are doing everything we can and taking decisive action to ensure claimants retain more of the money they receive from Universal Credit.
As DWP Minister, I'm thrilled after all our hard work, the Household Support Fund will be backed by £500 million and extended for a 4th time.
We need to, and must, support the most vulnerable households.
Our ultimate goal is to support everyone so they can live a brighter future."
Work and Pensions Secretary, Mel Stride, said:
"Work is the best way to secure long-term financial security, which is why in this Budget the Government is rewarding hard work with more tax cuts, boosting growth and helping families with the challenges they’re facing.
The long-term decisions announced by the Chancellor will put £900 back in the pockets of 27 million employees this year and support the equivalent of 200,000 people into work, when taken together with the next generation of welfare reforms we’re already rolling out.
This was also a Budget that recognised some people are still struggling and the extension of the Household Support Fund will give vulnerable households the help they need.
Our plan is building a brighter future for millions of people."