- Countries around the world are facing high inflation driven by Putin’s illegal war, so families around the UK need support with these financial pressures.
- The Government has been supporting households with record financial support worth £94 billion, and has announced the dates for vulnerable and low-income households to receive their next Cost of Living payments worth £300.
- The Government is working to deliver on the Prime Minister’s priority to halve inflation by the end of the year, while also providing targeted support with the cost of living in the meantime.
Greg Hands has welcomed that the next cost of living payment, worth £300 for 10,600 vulnerable and low-income households in Chelsea and Fulham, will be made between 31 October and 19 November 2023.
This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023-24, and will help families affected by global inflation caused by Putin’s illegal war in Ukraine and the aftermath of the Covid-19 pandemic.
Details about the third cost of living payment will be announced in due course.
These payments build on the Cost of Living Payments made last year worth up to £1,200, and form part of the Conservative Government’s record financial support for the most vulnerable, worth an average of £3,300 per household.
The £300 Cost of Living Payment will be sent out automatically and directly to eligible households, so there is no need to apply. Eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
The Conservative Government is supporting people with the cost of living right now, whilst working to deliver on its priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Greg Hands said:
“We must continue to do everything we can to support households across Chelsea and Fulham with global inflation caused by Putin’s illegal war in Ukraine and the aftermath of the Covid-19 pandemic.
The record levels of financial support over the past year and a half have already supported families across Chelsea and Fulham, and this latest £300 Cost of Living Payment for 10,600 eligible households will make a huge difference to the most vulnerable and those on the lowest incomes this autumn.
The Conservative Government rightly remains committed to halving inflation, which is the best way to help everyone across Chelsea and Fulham with the cost of living.”
Commenting, Mel Stride, Secretary of State for Work and Pensions, said:
“The best way we can boost bank balances is by bearing down on inflation, but as we get there, we are ensuring the most vulnerable households are cushioned from high prices with a further Cost of Living payment.
Alongside this, thousands of Work Coaches across the country are helping people find work, increase their hours and boost their skills. I encourage anyone who wants to progress their career and strengthen their finances to visit their local Jobcentre to find out what help is available.”
ENDS
