As financial pressures continue, the UK government plans to adjust pensions and benefits in May 2024, providing some relief against the backdrop of ongoing economic challenges and increased incidents of shoplifting.
In May 2024, millions of UK citizens can anticipate increased payments in benefits and pensions following annual cost of living adjustments. April’s economic indicators showed a reduction in inflation to 3.2%, but high prices continue to strain households across the nation. Meanwhile, government data reveals that absolute poverty has increased for two consecutive years, underlining the ongoing economic challenges faced by many. Scheduled benefit payments in May include Universal Credit, State Pension, and Child Benefit, aimed at offering financial relief. Additional support comes from the extended Household Support Fund and resources like charitable grants and energy provider support.
Separately, England and Wales have recorded a 37% increase in shoplifting offences, escalating to 430,104 incidents in the past year—the highest in the last 20 years. Theft from the person and robberies also saw increases of 18% and 13%, respectively. Retailers and the Association of Convenience Stores have raised concerns about these rising figures and the impact on safety for shop workers. Both Co-op and Iceland have noted increased security costs as a consequence. Political responses include criticisms from Labour’s shadow home secretary and the Liberal Democrats, emphasizing the need for effective law enforcement measures. The government has committed to addressing these issues with new plans and enhanced police authorities.