Cost of Living payments
This week the government announced that millions of families will receive the second of three £300 Cost of Living Payments between 31 October and 19 November, helping the most vulnerable people with day to day costs as we deliver on our promises to halve inflation, grow the economy and reduce debt.
- Putin’s war in Ukraine and our recovery from the pandemic has seen inflation rise – this is a tax on people’s income and is causing pressures on household budgets.
- That is why between 31 October and 19 November millions of families on means-tested benefits will receive a second Cost of Living Payment, totalling £900 across three payments – with some families receiving £1,350 of support in total. Payments will be made automatically, and eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
- This builds on our support with the cost of living, including paying for half of family’s energy bills, as we work to halve inflation, grow the economy and reduce debt.