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Bristol Post
Bristol Post
Business
George Thorpe

How £650 cost of living payment works and when it will be received

Earlier this year, Chancellor Rishi Sunak announced the Government would be helping those most in need with financial boosts to help alleviate the cost of living crisis facing many. In total, around £15billion worth of support was unveiled.

Among the support package includes a £650 payment. This will be split over two separate payments and go out to people on certain means-tested benefits.

The first instalment will be worth £326 and is due to start being paid out from July 14. The second £324 payment will be paid out later in the year.

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