Friday, June 17, 2022

The Cost of Living Payments bill

The government has brought to parliament a Cost of Living Payments Bill, which will provide families with cash cost of living payments from 14 July – supporting the lowest income families in our society in the face of global cost of living pressures. 

  • To combat global cost of living pressures we committed £37 billion of cost of living support – including one off cash cost-of-living payments of at least £1,200 for over 8 million of the lowest income families.
  • That is why this week the government introduced the Cost of Living Payments Bill, meaning the first initial automatic instalment of the £650 payment will be £326, paid on 14 July, with the rest of the payment to follow in the Autumn. Pensioners will receive an extra £300 while disabled households will get a £150 payment – on top of the £150 council tax rebate paid in April and the £400 discount on energy bills this Autumn. 
  • We have a responsibility to protect those who are paying the highest price for rising inflation, and the government is stepping up to help those in our society who need it most.

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