The government announced this week that it will introduce a new wave of cost of living payments next year to help struggling households.
On Thursday (November 17), Chancellor Jeremy Hunt confirmed that the government's cost of living support package for 2023/24 will be worth £26 billion in addition to increased benefits worth £11 billion. It means that more than eight million households across the UK will receive additional support in the face of the cost of living crisis, according to the Department for Work and Pensions (DWP).
Those households eligible for the cost of living payments who are also receiving means-tested benefits could get an additional £900 next year. It is understood that the £900 will be paid in instalment, similar to the previous cost of living payments, however, more details are yet to be released.
