Millions of people across the UK will receive a £150 cost of living payment next month. Around six million people across the country who are on certain disability benefits will receive the payment boost, which will be paid per claim.
The announcement of the £150 boost comes after the Department for Work and Pensions issued payments of £326 to around eight million people in July with another £324 instalment due this winter. The UK government has been urged to increase support to low-income households, with the Bank of England warning on Thursday that the country faces a bleak year with inflation hitting 13% and the worst recession since the 2008 financial crisis expected.
Research by the National Institute of Economic and Social Research found that the number of households living pay cheque to pay cheque will nearly double from 3.9 million to 6.8 million in 2024, while energy consultants have warned that household energy bills are likely to remain more than two-and-a-half times their pre-crisis levels for at least the next two years.
