My ministerial colleagues and I are committed to ensuring that older people can live with the dignity and respect they deserve; having a secure home is a key part of that. I therefore welcome that the Government has taken a number of steps that will help older people on low incomes with their housing costs.
Housing benefit, which is being replaced by Universal Credit, is available for people who are on a low income, unemployed or claiming benefits with their housing costs. I welcome that the Government increased benefits by 10.1 per cent- in line with inflation- from April 2023.
Regarding those who have reached pension age, I hope you will not mind me mentioning that in April, the State Pension saw its biggest ever increase- rising by 10.1 per cent. The Standard Minimum Guarantee in Pension Credit has also increased by 10.1 per cent from April 2023. Furthermore, pensioners on low incomes may qualify for help with their rent and council tax, and if receiving Pension Credit, other housing costs such as ground rent and certain service charges.
It is my view, and that of this Government, that the best way to ease cost of living pressures is to tackle inflation. To this end, the Chancellor has put forward a plan to halve inflation this year and lay the foundations for long-term growth to improve living standards for everyone. In addition, all households can access an unprecedented package of support to help with the cost of living, including through the Energy Price Guarantee, cost of living payments and council tax rebate, as applicable to their location and personal circumstances. Overall, the Government is providing a total of £94bn over 2022-23 and 2023-24 to help households and individuals with the cost of living.