The Department for Work and Pensions (DWP) is set to deliver the second cost of living payment to millions of people within weeks. The department has confirmed it will issue the second payment - worth £324 - into the bank accounts of people on means-tested benefits.
Earlier this summer millions of people received £326 from the department, the first instalment of a £650 package aimed at helping those hardest hit by the cost of living crisis which has seen supermarket bills and energy costs soar. The Office for National Statistics (ONS) will reveal the latest increase in the cost of living for UK households this morning (October 19) and economists predict it will show Consumer Price Index (CPI) inflation increased to 10%, compared with 9.9% in August.
The latest increase is said to be down to rising food prices and comes after weeks of political turmoil which has seen the UK Government scrap most of the measures announced in its mini-budget on September 23. The past few weeks has seen the value of the pound plummet, former chancellor Kwasi Kwarteng replaced just weeks into the job and growing speculation over the future of Prime Minister Liz Truss.
