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Liverpool Echo
Liverpool Echo
Business
Gemma Jones

Dates for when to expect cost of living payments including £650 energy bills help

Chancellor Rishi Sunak announced measures aimed at relieving some of the pressure households face amid the cost of living crisis.

He confirmed there would be £15bn worth of support to help people through dire times, with energy costs set to soar to £2,800 a year in October.

Mr Sunak has agreed to impose a windfall tax on the spiralling profits of oil and gas firms to fund a cost of living relief package. Mr Sunak said the 25% energy levy would raise around £5 billion that will be used to send a one off payment of £650 to more than eight million households.

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