Millions of people are in line to receive a huge cost of living payment next year to help them pay their bills. The new payment worth a total of £900 was announced by chancellor Jeremy Hunt during the UK government's autumn statement last Thursday and will be paid to those on means-tested benefits.
The money will be given in more than one instalment and follows the government handing out £650 worth of financial support to those on benefits this year in a bid to help them through the cost crisis. The first payment worth £326 landed in bank accounts in July and the second instalment worth £324 was rolled out earlier this month. All eligible claimants are expected to get their money by the end of the month.
The government has not yet revealed when next year's payments will land in people's accounts but MoneySavingExpert founder Martin Lewis has revealed when he expects the payments to be given in 2023. The Mirror reports that Mr Lewis has posted a video online where he predicted it would happen next autumn.
