An additional £12 billion will be required to help households cope with the cost-of-living crisis, financial think tank IFS says The UK government will need to spend a further £12 billion ($14.5 billion) on a support package for households to keep pace with higher-than-expected energy prices, the Institute for Fiscal Studies (IFS) said in a report on Monday. According to the research, the money is required if the government still wants to provide the same level of aid it set out this spring. In May, former UK Chancellor Rishi Sunak announced that the government’s aim was to make up for half of the cost of energy p
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