UK recession, high inflation, food insecurity, cost of living payment

The UK entered a recession at the end of 2023, with inflation at 4%. 73% of low-income families on Universal Credit experienced food insecurity. The final cost of living payment of £299 should be paid between February 6, 2024, and February 22, 2024. The Energy Price Cap is set at £1928, predicted to fall to £1,660 in April. Benefits and state pensions will increase in April 2024. Local council assistance and charitable grants are available for those struggling financially.