Cost of Living Support – impact on HBAI FYE 2023 low-income statistics

Summary

The UK government addressed a cost of living crisis in FYE 2023 by implementing various support schemes, including direct payments for low-income households, disability recipients, and pensioners, alongside energy bill grants and council tax rebates. This ad-hoc analysis reveals that these interventions significantly mitigated the rise in poverty, preventing 1.4 million people from falling into absolute poverty after housing costs. The support had a particularly notable impact on pensioners and disabled individuals, reflecting targeted assistance.

Key Facts

Source Document

https://example-government.gov/policy-document-link