A number of changes will be coming into effect throughout February impacting many people's finances, while additional support payments will also be made to help people through the cost of living crisis.
Currently, energy bills remain at their highest level while inflation still stands at a staggering 10.5 per cent.
Despite this, a wave of government support will be handed out throughout February to help vulnerable households face the brunt of the economic crisis. These mainly come in the form of discounts and payments towards energy bills but can also include cash handouts in some circumstances.