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Daily Record
Daily Record
National
Ketsuda Phoutinane

New changes coming in September 2022 - bank notes, number plates and cost of living payments

New changes in Scotland are coming into force this month as the year. As the start of autumn begins, there are six dates to be aware of this month.

The cost of living crisis looms as we head into colder months. The UK Government recently announced claimants will receive the second cost of living payments in September after the first instalments were paid out in July.

More changes coming up include a warning to use bank notes before they expire at the end of the month and a possible interest rate rise - not to mention a new Prime Minister.

September 1: new number plates

New '72' number plates will be issued from September (Getty Images)

Registration plates change twice a year in March and September. From September 1, all newly registered cars in the UK will receive a '72' plate, replacing the '22' plate.

If you're not familiar, there's a system for the numbers and letters on registration plates. The first two letters denote where the car is registered, then the following two numbers are the age identifier indicating when it was registered.

Plates issued from March will feature the last two digits of the year, eg 22, and plates from September are the same plus 50, so in this case, new plates will display the number 72, before changing over to '23' plates in March 2023.

September 2: First cost of living payment

Eligible tax credit claimants will receive the first cost of living payment of £326 from September 2 to 7.

To get this payment, those eligible must have been entitled to, or later found to be entitled to, a payment of tax credits or an annual award of at least £26 in tax credits between April 26 and May 25 this year.

September 5: A new Prime Minister

The next prime minister will be announced September 5 (POOL/AFP via Getty Images)

The Tory leadership race will come to an end September 5 when the next UK prime minister is announced.

Whether it's Liz Truss or Rishi Sunak, the successor of Boris Johnson will be appointed by the Queen at Balmoral rather than Buckingham Palace in a departure from tradition.

September 15: Bank of England announcement

The Monetary Policy Committee (MPC) of the Bank of England meets eight times a year. The last meeting resulted in the biggest interest rate rise in almost 30 years.

On August 4, the Bank of England raised interest rates to 1.75 percent. The rate could go up again during their next announcement on September 15.

September 20: Disability claimants cost of living payment

A £150 one-off cost of living payment will be given to disability claimants from September 20.

September 30: Paper £20 and £50 notes to be withdrawn

Paper banknotes won't be legal tender from September 30 (Getty Images/iStockphoto)

There's just another month left to use or deposit paper notes. Paper banknotes will be removed from circulation after September 30 when polymer notes, which have been in circulation since 2020, will take over.

The changeover applies to notes issued by banks in Scotland - Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland - as well as those from the Bank of England.

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