Higher inflation means more pain for households from benefit freeze


Originally published at: https://whichinvestmenttrust.com/higher-inflation-means-more-pain-for-households-from-benefit-freeze/

The higher personal allowance of £12,500 is a lot generous than it initially appears claims Institute of Fiscal Studies as the poor are hit hard by the double whammy of rising prices and frozen benefits. The recent inflation figure announced by the Office for National Statistics for the year to September was 3.0%. Normally the…