The Resolution Foundation found that the poorest half of households will receive an average of £158 compared to £144 for the richest half. This distribution comes as typical net energy bills are projected to reach £1,750 in 2026-27, surpassing the levels seen during the 2022-23 shock. Typical real annual disposable incomes are also anticipated to fall by £1,050 over the remainder of the parliament. Meanwhile, Whitehall secured a £9bn departmental budget boost that doubled the total household support allocation.
Key points
Analysis shows the government relief package spreads funding across income brackets rathe…: Analysis shows the government relief package spreads funding across income brackets rather than targeting families in the greatest need.
Rising energy costs alongside substantial tax revenues will contribute to a significant d…: Rising energy costs alongside substantial tax revenues will contribute to a significant drop in typical real disposable incomes.
International energy market pressures persist as oil and gas prices drive surging quarter…: International energy market pressures persist as oil and gas prices drive surging quarterly earnings for major energy producers.
Sources checked by our analysis pipeline: 1
Introduction: Healey's cost living support package 'badly targeted,' says Resolution Foundation
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The £4.4bn cost of living support package delivered by John Healey’s budget on Wednesday is “badly targeted,” which means that even families receiving help face higher energy bills than during the last energy price shock, according to the Resolution Foundation.
The poorest half of households will gain £158, on average, from support measures this year and next – just £14 more than the £144 received by the richest half – highlighting a “complete failure to target help at those who need it most,” the think tank said.
Typical energy bills net of support are forecast to be £1,750 this year (2026-27) – higher in real terms than during the last energy price shock (2022-23) when net bills were £1,685.
The chancellor raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of…
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