From today, over 16,000 vulnerable and low-income households in Great Yarmouth will receive a second Cost of Living payment worth £300. This is part of the Conservative Government’s record £94 billion cost of living support package providing help for eight million households across the UK in receipt of eligible means-tested benefits, such as Universal Credit, Pension Credit, or tax credits.
These payments help families most affected by rising prices driven by Putin’s illegal war in Ukraine and the aftermath of the COVID-19 pandemic.
This latest payment builds on the Cost-of-Living payments made last year worth up to £1,200 and forms part of the Conservative Government’s record financial support for the most vulnerable, worth an average of £3,300 per household.
The payment will be made automatically so there is no need to apply, and it will not count towards the benefit cap or impact on existing benefit awards.
Further support will also be made available for vulnerable households later this winter. Winter Fuel Payments have been boosted again this year with an additional £300 Pensioner Cost of Living payment.
In addition, nearly three million low-income households are eligible for a £150 rebate on their winter electricity bills through the Warm Home Discount, and the Cold Weather Payment is coming into effect from 1 November 2023 to provide eligible households with an extra £25 a week when the temperature drops below zero degrees for more than seven days.
The Conservative Government is continuing to do everything it can to cushion households across Great Yarmouth from the impact of rising prices. Tackling inflation is the best way to boost people’s incomes, but as we work to halve it, we are protecting the most vulnerable households from high prices.