More than eight million households will get a £900 Cost of Living Payment boost in the next financial year.
The payments are similar to the £650 Cost of Living payments made in 2022 and will go to households claiming low-income benefits.
It is not known yet exactly how the 2023 Cost of Living Payments will be divided, but they will definitely be paid in instalments in the 2023/2024 financial year. The Treasury Committee has recommended the Government spreads them over six months in the late autumn, winter and early spring period.
