Low-income households to receive last cost of living support payment
Low-income households in the UK to receive last cost of living payment / Credit: Pixabay
Low-income households are to start receiving their last cost of living payment from today.
Around eight million households will receive a payment worth £299 from the UK Government to help combat the cost of living crisis.
It is the third payment the households will have received which has totaled up £900.
Jeremy Hunt, Chancellor of the Exchequer, said: “Our decisive action helped to more than halve inflation last year while building the foundations for long-term growth through sensible tax cuts, which will help people’s money go further.
“But the legacy of Covid and the ongoing Ukraine war has meant the last few years have been tough for many, which is why we’ve provided one of the largest support schemes in Europe worth £3,700 for the average household.
The Government are aiming to begin to move towards trying to get people into work investing into their Back to Work Plan.
Mel Stride, Secretary of State for Work and Pensions, said: “The economy has turned a corner, and with inflation falling we are providing millions of the most vulnerable households with another significant cash boost.
“Our fair approach to welfare is underpinned by a belief that the best way to secure long-term financial security is through work.
“This is why we have cut taxes for over 27 million working people and have launched a £2.5 billion Back to Work Plan to help thousands more people off benefits and into jobs.”
