The Cost of Living Payment has been introduced by the Government to try and soften the blow of the skyrocketing costs of groceries, energy, and fuel. Eligible households across the country will be receiving a total of £650, which is being sent out in two payments - one of which has already been received by some.
In the South West, it is believed that 580,000 families are entitled to the means-tested benefit payment, which is seven per cent of the region's population. Across the UK as a whole, one in four families are said to be eligible, reports NottinghamshireLive.
It has been heavily publicised that the first payment of £326 has been deposited into bank accounts across the country since July 14, with most payments expected to reach those who need it by July 31 if they have not yet received it. But what about the second half of the lump sum?