From next month, millions of people will start getting their £650 cost of living allowances

From next month, millions of people will start getting their £650 cost of living allowances

Web Desk
June 15, 2022

From next month, millions of people will start getting their £650 cost of living allowances

Millions of households throughout UK will begin getting their £650 cost of living allowances.
More than eight million of the UK’s lowest-income households will receive their first £326 payment.
It will help with skyrocketing energy prices, according to Rishi Sunak.

From next month, millions of households throughout the country will begin getting their £650 cost of living allowances.

On July 14, more than eight million of the UK’s lowest-income households will receive their first £326 payment to help with skyrocketing energy prices, according to Rishi Sunak.

The second instalment will be sent in the fall as part of a help package ‘worth at least £1,200 for needy families,’ which will also include a previously announced £150 council tax rebate.

‘We have a responsibility to protect people who are paying the biggest price for increasing inflation, and we are stepping up to assist,’ said the Chancellor.

Families are seeing hundreds to thousands of pounds added to their regular bills as the cost of gasoline, energy bills, supermarket prices, and other items rise.

‘With millions of low-income households shortly receiving the first of two cash payments, we are taking measures to directly help families with the cost of living,’ said Work and Pensions Secretary Therese Coffey.

‘This £650 one-time payment is part of our £37 billion cost-of-living assistance package, which will put an extra £1,200 in the pockets of those who need it most.’

On Wednesday, legislation to confirm the £650, as well as other aspects of the Government’s support package, will be introduced.

Pensioners will receive a £300 payment in November/December, in addition to the winter heating payment, under the Government’s plan, which will cost £2.5 billion, while persons receiving disability payments would receive £150 by September.

Every household in the country would receive a £400 energy bill cut, regardless of income, raising concerns that the policy may further fuel inflation.

Last month, the Chancellor unveiled an emergency cost-of-living support package, claiming that £5 billion would be paid for by a levy on oil and gas firms’ profits, with the remaining £10 billion financed by additional borrowing.

Who qualifies for a cost-of-living allowance?

Those who receive means-tested benefits will be eligible for the stipend.

The following are examples of this: