Welfare

Question 1

universal credit

Answer 1

for working age people on low income/out of work
- covers basic living expenses and housing costs
- depends on personal circumstances and money

Question 2

social security

Answer 2

welfare provision allocated to guarantee basic standard of living (1/3 of public budget)
- largest share = pensions (£114bn in 2020/21)

Question 3

triple lock protection for pensioners

Answer 3

• in april 2024 state pensions rose by 8.5%
• triple lock = pensions rise each year by the highest out of: average earnings, CPI inflation or 2.5%