Skip links

Chancellor Jeremy Hunt’s 2024 Budget Delivers Vital Support for Vulnerable Families

Chancellor Jeremy Hunt’s 2024 budget announcement brings some welcome relief to struggling families across the UK. Key highlights include the doubling of the repayment period for budgeting advances, and extension to the Household Support Fund and the abolition of fees for debt relief orders. This is in addition to a 6.7% increase to means-tested benefits coming at the start of April.

In response to the budget, Sherrelle Collman, Managing Director of Caridon Foundation, expressed her support for the measures implemented:

“As the Managing Director of Caridon Foundation, I commend the government’s decision to double the repayment period for budgeting advances for those on universal credit from 12 months to 24 months. This move will undoubtedly provide much-needed relief to individuals and families facing financial hardship, allowing them more time to manage their repayments without undue stress.  The decision to abolish the £90 charge for a debt relief order is also a welcome one, as it will provide necessary assistance to thousands of families struggling with debt each year.

Finally, I want to highlight the importance of the government’s decision to extend the Household Support Fund (HSF) for an additional six months. This fund enables councils to provide crucial assistance to families through initiatives such as foodbanks, warm spaces, and food vouchers. This extension comes as a vital lifeline for countless individuals and families who rely on these essential services to meet their basic needs. It demonstrates a recognition of the ongoing challenges faced by many in our communities, particularly in light of the economic hardships exacerbated by the pandemic. However, its requirement also demonstrates there is still much work to be done to address the root causes of poverty and inequality in our society.

At Caridon Foundation, we understand first-hand the significance of programs like the HSF in providing immediate relief and support to those experiencing financial insecurity. We urge continued support for initiatives that prioritise the well-being of all members of society, especially those facing the greatest hardships.”