CrisisFund News & Analysis
2 articles
Market Mood
Heating oil prices double to £860 amidst supply uncertainty
Heating oil prices in rural Lancashire have increased by 100%, rising from £440 for 500 litres to approximately £850-£860. This escalation follows regional supply uncertainties attributed to the ongoing US-Israel conflict. Local councillors have reported that some elderly residents, such as a couple in their 80s, are facing significant difficulties affording these costs. The UK government has allocated £53 million through the Crisis and Resilience Fund to assist low-income households affected by the rising prices, with £400,000 designated for the Ribble Valley region.
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Council Allocates £1M for Food Voucher Scheme Amid Economic Challenges
The local council has proposed a £1 million allocation to support a food voucher scheme through a new Crisis and Resilience Fund. This initiative aims to provide aid amidst rising living costs, which has become a significant concern for low-income households. The extension of the voucher scheme reflects local governments' increasing role in addressing food insecurity. With additional financial support like this, the local economy may benefit through increased spending in community food resources.
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