Spring Statement: Chancellor failed to create financial security for low income families

Charity says UK Government has missed key routes to help people through the cost of living crisis now and for the future. 

Free UK debt help charity, Christians Against Poverty (CAP), has issued the following response to the Spring Statement.

CAP’s Director of External Affairs, Gareth McNab, says, The Chancellor said in today’s Spring Statement that he wants to help people with rising costs and we are glad that he acknowledged the impact of the cost of living crisis, but he went on to announce very little to help the most vulnerable and to provide for the longer term financial security of those on the lowest incomes.

We welcome the change to the National Insurance threshold which will ease some of the pressures on low income families, and an extension to the Household Support Fund, but the other announcements made today will have little to no impact. The Chancellor said this was the best way to help working people through the tax system, but that is just one of the mechanisms the UK Government has available to them.

He should have uprated benefits by 7% in April to help the poorest families manage through the cost of living crisis. He should have cancelled the freeze on Local Housing Allowance to reflect rising rent costs. He’s also left a glaring hole in terms of an opportunity to provide a longer-term fix to make sure the social security system is linked to the real costs people face.

There was so much the Chancellor could’ve done but didn’t. The announcements today ignored people in the toughest situations — people unable to work because of disability or ill-health, people with caring responsibilities and renters. We have already seen calls to our debt helpline increase 47% this January compared to last and we fully expect without the right type of Government support that many more people on low incomes will fall into serious problem debt in the months and years to come.”

If you are struggling with debt and need help, get in contact with CAP today on 0800 328 0006 or visit capuk.org.

Notes for journalists:

Christians Against Poverty (CAP) is a UK charity determined to reduce poverty by delivering free debt help, money management education, life skills courses and job clubs, all through local churches.

CAP is also the UK’s largest provider of adult, face-to-face financial education through the CAP Money Course. This takes place through over 1,000 partnerships with churches who follow CAP’s tailor-made course.

Find out more about CAP at capuk.org/about-us.

CAP is committed to its services being available to all individuals regardless of age, disability, gender reassignment, pregnancy and maternity, race, religion or belief, sex and sexual orientation.

Contact:

PR team: [email protected], 01274 760801