February 2025 payment dates for benefits and pensions as DWP cuts rumoured
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All the essential cost of living information you need. With 2025 well underway, millions continue to look for ways to keep household costs low as new expenses seem to wait around every corner. Household bills, groceries, mortgages and rents have all hit record highs over the past year, as the country navigates the ongoing cost of living crisis.
Chancellor Rachel Reeves had a bumpy start to the year, as the pound slumped and government bonds hit new highs. However, inflation also saw a slight 0.1 per cent drop in December, bringing it to 2.5 per cent, while the economy returned to slight growth.
Despite this mixed economic picture, reports indicate that the chancellor is looking to make further cuts to sickness and disability benefits, on top of the £3bn already pencilled in for savings. The DWP will be releasing a paper outlining its planned reforms to the welfare system in Spring.
Meanwhile, the latest figures from millions of low-income households paint a bleak picture of the UK’s economic situation. Recent research from The Joseph Rowntree Foundation 100,000 more children and 300,000 adults are set to be in poverty by October 2029 if further action is not taken by the government.
Thousands of pensioners are also still waiting for their £200-300 winter fuel payment after Labour’s choice to cut back the cold weather benefit. In December, The Independent revealed that increased pressure on the DWP meant many were facing delays of over 100 days.
