Cost of living crisis: UK benefits plunge to lowest value in 50 years
The Guardian says pensioners and benefits claimants will see the value of their payments fall to the lowest point in 50 years on Monday, anti-poverty campaigners have said, as Britons grapple with the worst cost of living crisis since 1972.
Despite everyday prices rising as much as 8%, and gas and electricity bills almost doubling to £2,000 a year, the state pension and most other state benefits will rise by 3.1% on Monday.
Charities, Labour and others have called on the chancellor, Rishi Sunak, to do more to help those on middle and low incomes get through the crisis.
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