- The Government is delivering its £94 billion cost of living support package to help vulnerable and low-income families across the country.
- Eight million low-income households will receive the second Cost of Living payment worth £300 from 31 October 2023, with payments totalling £900 through 2023-24, helping to protect the most vulnerable people from rising prices.
Andrew Selous MP has welcomed the arrival of the second Cost of Living payment worth £300 for 10,200 vulnerable and low income households in South West Bedfordshire from 31 October 2023, as part of the Government’s record £94 billion cost of living support package.
Eight million households across the UK in receipt of eligible means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, will benefit from the second of three Cost of Living payments totalling £900 in 2023-24.
This latest payment builds on the Cost of Living payments made last year worth up to £1,200, and form part of the Government’s record financial support for the most vulnerable, worth an average of £3,300 per household.
The payment will be made automatically so there is no need to apply and it will not count towards the benefit cap or impact on existing benefit awards.
Further support will also be made available for vulnerable households later this winter. Winter Fuel Payments have been boosted again this year with an additional £300 Pensioner Cost of Living payment.
In addition, nearly three million low-income households are eligible for a £150 rebate on their winter electricity bills through the Warm Home Discount, and the Cold Weather Payment is coming into effect from 1 November 2023 to provide eligible households an extra £25 a week when the temperature drops below zero degrees for more than seven days.
The Government is taking immediate steps to support hardworking families with the cost of living, while working to halve inflation and taking the long-term decisions that are in the best interests of the country.
Commenting, Andrew Selous MP said:
“The record financial support has already supported thousands of families across South West Bedfordshire, and this latest £300 Cost of Living payment for 10,200 eligible households will make a huge difference to the most vulnerable households and those on the lowest incomes as we move into the colder months.”