People are being warned they could be eligible for a temporary loan to help them pay their bills heading into the winter. The ongoing cost of living crisis has led to mounting financial pressure for millions of households, with experts warning inflation could hit 18% by 2023 and the UK facing its deepest recession since the 2008 crash.
Rising supermarket costs, fuel prices and energy bills predicted to hit £3,500 a year for the average household when the new price cap is announced on Friday have left many wondering how they will afford their monthly bills when the colder winter months come in.
If you're claiming certain benefits, the Daily Record reports that there is a temporary loan you can apply for to help with things like rent, clothes, furniture and household appliances. Here is everything you need to know about the budgeting loan including how much you get, who is eligible and how you have to pay it back.
