On 26th May, Rishi Sunak announced new measures aimed at supporting households with the escalating cost of living crisis.
This includes a new, one-off £650 payment to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and legacy benefits, with separate one-off payments of £300 to pensioner households and £150 to individuals receiving disability benefits – groups who are most vulnerable to rising prices.
Rishi Sunak also announced the energy bills discount due to come in from October is being doubled from £200 to £400, while the requirement to pay it back will be scrapped. This means households will receive a £400 discount on their energy bills from October.
We understand that the £400 grant (replacing what was a £200 loan) will be paid to everyone with an electricity meter by their electricity retail supplier through discounts to their bills and for pre-paid meter users as a credit to their pre-pay arrangement.
