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Millions will receive £324 cost-of-living payment in November Millions will receive £324 cost-of-living payment in November
(10 days later)
More than eight million people will get a cost-of-living payment of £324 in November, the government has said.More than eight million people will get a cost-of-living payment of £324 in November, the government has said.
It is the second part of a £650 grant to help low-income households cope with soaring food and energy prices.It is the second part of a £650 grant to help low-income households cope with soaring food and energy prices.
Those on means-tested benefits will get it directly into their bank, building society or credit union account, the Department for Work and Pensions said.Those on means-tested benefits will get it directly into their bank, building society or credit union account, the Department for Work and Pensions said.
The payments will be automatic and will arrive in accounts between 8 and 23 November, the DWP said.The payments will be automatic and will arrive in accounts between 8 and 23 November, the DWP said.
It said the support was for those on certain benefits including universal credit and pension credit.It said the support was for those on certain benefits including universal credit and pension credit.
How will I get the cost-of-living payments?How will I get the cost-of-living payments?
Five charts that explain the cost of living crisisFive charts that explain the cost of living crisis
The £650 grant is the largest part of a £1,200 government support package for vulnerable households designed to help with rising prices, and specifically soaring energy bills. But there are no rules on what it must be spent on. The £650 grant is the largest part of a £1,200 government support package for vulnerable households, designed to help with rising prices and specifically soaring energy bills. But there are no rules governing what it must be spent on.
The first payment of £326 was made in July and appeared in accounts as "DWP Cost of Living" and the November transfer is the final part of this particular support.The first payment of £326 was made in July and appeared in accounts as "DWP Cost of Living" and the November transfer is the final part of this particular support.
Who is eligible for cost-of-living payments?Who is eligible for cost-of-living payments?
A household may be eligible for the £650 cost-of-living payments if it receives any of the following benefits:A household may be eligible for the £650 cost-of-living payments if it receives any of the following benefits:
Universal CreditUniversal Credit
income-based Jobseekers Allowanceincome-based Jobseekers Allowance
income-related Employment and Support Allowanceincome-related Employment and Support Allowance
Income SupportIncome Support
working tax creditworking tax credit
child tax creditchild tax credit
pension creditpension credit
Energy prices rocketed for millions of households on 1 October, but the government stepped in to put a cap on the cost per unit.Energy prices rocketed for millions of households on 1 October, but the government stepped in to put a cap on the cost per unit.
It means a typical annual bill based on the average household's usage has gone up from £1,971 to £2,500. That is not as high as once feared but still twice as high as last winter.It means a typical annual bill based on the average household's usage has gone up from £1,971 to £2,500. That is not as high as once feared but still twice as high as last winter.
The first tranche of the government's £400 energy grant, which is available to all households, has already started to be paid.The first tranche of the government's £400 energy grant, which is available to all households, has already started to be paid.
The discount will be applied over six months, with a reduction of £66 in October and November, and £67 every month between December and March 2023.The discount will be applied over six months, with a reduction of £66 in October and November, and £67 every month between December and March 2023.