When you should receive £300 cost of living payment as DWP issues three exact dates
01.10.2023 - 09:45
/ manchestereveningnews.co.uk
Millions of households across the country are set to receive DWP's cost of living payment as the nation's financial woes continue. Everyday essentials have become more and more expensive in recent years which has led to many residents struggling.
Items like food, rent, energy and clothing have become a hassle to pay for not to mentioned the unplanned emergencies that life sometimes throws at us. In attempts to ease the burden, the government introduced the cost of living payments for members of the public who are recipients of certain benefits.
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The payments are made over the course of the financial year from 2023 into 2024 with the sum amounting to £300. BirminghamLive reports that inflation has made only a slight dip to 6.7 per cent, still far from the Government target of 2 per cent.
Research carried out by Nationwide Building Society this month shows rising numbers of people - nearly seven in 10 (69 per cent) - are concerned about their personal finances and ability to cover the cost of essentials, compared with 57 per cent who said this in July and 62 per cent who felt this way in August. A third of those in the latest survey said they are left with £100 or less in their account at the end of each month, with just under one in every 10 people saying they have no money left over at all.
Mark Nalder, payments strategy and performance director at Nationwide Building Society, said: "As we enter the autumn, households will hope for some respite before the return of colder weather and the need to heat homes once again. While energy costs have
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