£324 cost of living payments due to start this week for more than 8m households

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Chancellor Jeremy Hunt announced a series of new cost of living payments to help millions of households across the country mitigate soaring inflation and ever-increasing energy bills. The new cost of living support package is worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities.

The latest figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation reached 10.1% in September. This matches the 40-year high inflation hit in July and remains well above the UK Government’s target of 2%.

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The Department for Work and Pensions (DWP) has confirmed that it has processed 3.2million cost of living payments worth a total of more than £1 billion in the last two days to those on qualifying means-tested benefits. An estimated eight million payments of £324 are expected to be made before the payment window closes on November 23.

More than nine million people will receive the second means-tested cost of living payment of £324 this month. The Department for Work and Pensions (DWP) is making payments to those on qualifying benefits between now and November 23 while HM Revenue and Customs (HMRC) will deliver payments between November 23 and 30.

Almost one in four families across the UK will receive £324 from the UK Government this month as the latest cost of living payments are sent out from today. Some 689,000 families across Scotland can expect to receive the payment directly from the Department for Work and Pensions (DWP) between November 8 and 23.

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The Department for Work and Pensions (DWP) has been reluctant to confirm whether State Pension and benefits will be uprated in line with the current inflation rate of 10.1% next April. New DWP boss, Mel Stride, told the House of Commons earlier this week that a decision will not be announced until the Autumn Statement on November 17 at the earliest.

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