A date has been officially set for when the second instalment of the Government's Cost of Living payment will be handed out. People have been waiting to see when the Department for Work and Pensions (DWP) would give out the cash worth £324.
The first payment of £326 was sent out to eligible households in the UK during July, with the second forecast to be given out in the autumn. The DWP has now said the next set of payments will start going out on November 8.
Payments will be processed over the space of 15 days, with November 23 set as the day when the last cash will go out. More than eight million families have already received the first payment and the second will be automatically paid into bank accounts of people who claim one of the qualifying benefits.
Read more: DWP winter cost of living boost as £421m added to Household Support Fund
Work and Pensions Secretary Chloe Smith said: "Millions of families will soon see a £324 cash boost as part of our extensive £1,200 support package, helping to raise incomes and manage the rising cost of living. We understand that people are struggling which is why and we’re committed to supporting the most vulnerable households.
"That’s also why we are focused on driving growth and delivering quality public services so we can continue to support those in need through these challenging times while boosting opportunity for all."
Chancellor Kwasi Kwarteng added: "We know that people have been worried about their bills ahead of this winter, which is why we’ve taken decisive action to hold down energy bills, saving the average household around £1,000 a year, and provided £1,200 of targeted support to the most vulnerable.
"Without our intervention, analysts were predicting that the average annual energy bill could have reached £6,500 next year. We were never going to let this happen.
"Our Growth Plan will also leave more money in people’s pockets and, over the longer term, help drive economic growth – the only way to permanently boost everyone’s living standards."
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