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Business
Catherine Furze

Second cost of living payment should have hit most bank accounts this week

Nearly 90% of the families claiming Universal Credit who were waiting for the second cost of living payment this week should have received it, according to the latest figures released by the Department of Work and Pensions.

A total of 8.2 million households - or nearly one in four in the UK - are due to receive the £650 Cost of living Payment, nearly 400,000 of which are in the North East.

The £324 payment, the last part of the payment announced by then Chancellor Rishi Sunak earlier this year, started to be paid to Universal Credit claimants on Tuesday, November 8, although the DWP warned families that only "a small number" would be paid that day, with "numbers increasing significantly" from November 9 onwards.

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