This week, the first Cost of Living Payments were made. Over the coming weeks, more than eight million households will receive the first of two cost of living payments – easing the pressure on household costs for people across the country.
- A series of global forces have caused cost of living pressures around the world, so it is the government's utmost priority to help those families struggling with their finances.
- That is why the government set out a £37 billion support package, including a £650 cost of living payment for every household on means-tested benefits – around 8 million households. This week the first instalment of £326 begana start to be paid out, with the second to follow in the autumn. Pensioners will also 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 cash discount on energy bills this Autumn.
- Through this support, over eight million households will receive at least £1,200 – supporting the most vulnerable people in our society during a difficult period.