Eight million UK households to get £299 cost of living payments from Tuesday

Eight million households on means-tested benefits will receive their final cost of living payment to help with high food and energy bills from Tuesday.

The £299 payment, the last of three instalments that totalled £900, will go directly into people’s bank accounts between now and 22 February, without the need to apply. It is part of the government’s £104bn cost of living support package.

The cost of living payment will benefit more than 680,000 households in Scotland, as well as more than 400,000 in Wales.

Young family with cute little baby boy going over finances at home

The payments were introduced in 2022 when the then chancellor, Rishi Sunak, announced a payment of £650 in two instalments in May. In November of that year Jeremy Hunt, the chancellor, increased this to £900 across three payments.

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