As the cost of fuel, food and energy prices continue to make a huge dent in people's pockets. The government's Cost of Living Payment has been introduced to try to cushion the blow of rising costs with a total of £650 going out to certain households in two payments.
It is estimated that 551,000 families in the East Midlands will be eligible for the payment and about 1 in 4 across England, Scotland, Wales and Northern Ireland. While it has been heavily publicised that the first payment of £326 will be automatically dropping into bank accounts between now and Sunday, July 31, what about the second part of the lump sum?
Work and Pensions Secretary, Thérèse Coffey confirmed: "This first instalment of £326 should reach all eligible low-income households by the end of July." In its latest update on the scheme, the government confirmed that the second instalment, which amounts to £324 will follow from the autumn, with separate payments for pensioners and disabled people also coming later this year.
