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Daily Record
Daily Record
Lifestyle
Linda Howard

New cost of living £15bn financial support announced for millions of people - how the payments will work explained

Millions of households will receive a £400 discount off their energy bills and a £5 billion tax will be levied on oil and gas giants as Rishi Sunak moved to counter the soaring cost of living.

The Chancellor was forced to unveil emergency measures as part of a £15 billion package to tackle the impact of soaring inflation, which has reached a 40-year high.

Along with the universal energy payment for every bill payer across the UK, targeted support was also announced for the poorest, the elderly and the disabled - and the best bit is that nobody will have to apply for it as the payments will be made directly by the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC).

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