DWP confirms date 8m households will receive first part of £650 cost of living payment next month
15.06.2022 - 07:39
/ dailyrecord.co.uk
More than eight million households across the UK will receive a cash payment from July to ease the rising cost of living pressures, as the Work and Pensions Secretary Thérèse Coffey sets out detailed plans today.
The first instalment of the £650 for qualifying low income households in Scotland, England, Wales and Northern Ireland, will land in bank accounts from July 14, continuing to the end of the month.
The move will see households initially £326 better off as the UK Government delivers significant interventions to support groups who are most vulnerable to rising inflation and soaring energy bills - in total, millions of households will receive at least £1,200 this year to help with the cost of living.
Work and Pensions Secretary, Thérèse Coffey said: “With millions of the lowest-income households soon seeing the first of two cash instalments land into their bank accounts, we are taking action to directly help families with the cost of living.
“This one-off payment totalling £650 is part of our £37 billion cost of living support package that will put an extra £1,200 into the pockets of those most in need.”
Chancellor of the Exchequer, Rishi Sunak added: “We have a responsibility to protect those who are paying the highest price for rising inflation, and we are stepping up to help.
“In July over 8 million people will get their first £326 payment to help with rising prices, as part of a package worth at least £1,200 for vulnerable families. I said we would stand by people when they needed help, and we are.”
The second instalment of £324 will be sent to qualifying low income households in the Autumn.
The payments are designed to be deliberately slightly unequal to minimise fraud risks from those who may seek to exploit