• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
When the £324 cost-of-living payment will be made

Home> News

Published 13:56 1 Oct 2022 GMT+1

When the £324 cost-of-living payment will be made

It looks like people don't have long to wait

Daisy Phillipson

Daisy Phillipson

It's been a good few months since the first instalment of the cost of living payment was paid, with many now wondering when the next one is due - especially now the weather is getting colder.

Earlier this year, former Chancellor of the Exchequer Rishi Sunak announced a package of measures to tackle ever-inflating living costs, including the payment for low-income households.

The first amount totalling £326 was sent to those on benefits from 14 July onwards, with a second payment of £324 due to follow.

Advert

Millions of households will get the second instalment of the cost of living payment soon.
Sam Oaksey/Alamy Stock Photo

And it looks like the next instalment is due very soon, as the government states that it will be out in 'Autumn 2022'.

Although no official date has been set, now October is officially upon us, we can expect an announcement any day now.

When the first date was set, the government said in a press release: "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 this system."

Advert

Energy costs are set to soar this winter.
Westend61 GmbH/Alamy Stock Photo

It went on to say: "Low-income households are benefiting from government support in a variety of different ways this year as global inflationary pressures, exacerbated by the unjust war in Ukraine, have caused prices to rise for several essentials.

"The government understands that many people are worried about the impact these rising prices will have on their household finances, which is why £37 billion of support is being provided to boost budgets and mitigate the worst of these pressures."

A total of eight million UK households which qualify for benefits will receive the package, totalling £650, as well as a separate and additional £300 payment for pensioners and a £150 payment for disabled people.

The statement explained: "This is on top of £400 for all households to help with energy bills, and an extra £150 for properties in Council Tax bands A-D."

Although the payment aims to help keep low income households afloat amid rising inflation and sky high energy costs, there is apprehension about how families will be able to cover their electricity and gas bills this winter.

In spite of UK Prime Minister Liz Truss announcing a two-year freeze on the energy price cap earlier this month, it has still jumped from £1,277 last year to an estimated £2,500, meaning people will still be paying through the nose as we rely on heating to get through the colder months.

Featured Image Credit: FORBES STUART/Judith Collins/Alamy Stock Photo

Topics: Money, UK News, Politics

Daisy Phillipson
Daisy Phillipson

Daisy graduated from Kingston University with a degree in Magazine Journalism, writing a thesis on the move from print to digital publishing. Continuing this theme, she has written for a range of online publications including Digital Spy and Little White Lies, with a particular passion for TV and film. Contact her on [email protected]

X

@DaisyWebb77

Advert

Advert

Advert

Choose your content:

an hour ago
2 hours ago
3 hours ago
  • Andrew Harnik/Getty Images
    an hour ago

    Putin unveils 'unstoppable' nuclear weapon capable of producing 'radioactive tidal waves'

    If used, they would reportedly be able to devastate coastal regions

    News
  • Aditya Irawan/NurPhoto via Getty Images
    an hour ago

    When to see the biggest full moon since 2019 as supermoon set to light up the sky

    The beaver moon is set to light up the sky later this week

    News
  • International Gemini Observatory/NOIRLab/NSF/AURA/Shadow the ScientistImage Processing: J. Miller & M. Rodriguez (International Gemini Observatory/NSF NOIRLab), T.A. Rector (University of Alaska Anchorage/NSF NOIRLab), M. Zamani (NSF NOIRLab)
    2 hours ago

    Mysterious interstellar object leaves scientists baffled with bizarre new behaviour

    Astrophysicist Avi Loeb has shared another observation he made with the terrestrial object

    News
  • Getty/Yuchiro Chino
    3 hours ago

    Someone asked AI how humans can live to 140 and we can learn a lot from its answer

    Who wants to live forever? A lot of people actually

    News
  • 'Living Nostradamus' claims Pope Francis will be the 'last leader of the Catholic Church'
  • What the next Pope will be expected to do when he's appointed
  • Ex-NATO chief warns Brits to stock up on list of items to be ‘ready for war’
  • Jay Slater’s death ruled an accident as mum says 'lives will never be the same'