Extra £900 cost of living payment announced by Chancellor

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Extra £900 cost of living payment announced by Chancellor
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It's on top of additional support announced for the 'most vulnerable'

The Government is to introduce extra cost-of-living payments for the “most vulnerable”, Chancellor Jeremy Hunt confirmed during his Autumn Statement on Thursday . Households will pay more in energy bills from April next year, with typical bills rising from £2,500 to £3,000 as the Government reduces the level of support.

“We will also provide an additional £1billion of funding to enable a further 12-month extension to the Household Support Fund, helping local authorities to assist those who might otherwise fall through the cracks. And for those households who use alternative fuels such as heating oil and LPG to heat their homes, I am today doubling the amount of support from £100 to £200, which will be delivered as soon as possible this winter.

“It is expected to benefit over two million of the lowest paid workers in the country and keeps us on track for our target to reach two-thirds of median earnings by 2024. And it is the largest cash increase in the UK’s national living wage ever.”

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