Latest Breaking News Online News Portal
Millions of hard-up Britons are to get a £300 cost of living payment between October 31 and November 19.
This is the second instalment of a £900 payment with the final £299 payment to go out in spring next year.
London is the area that will receive the largest amount, accounting for 14 percent of the payments, or around £350million.
Birmingham is the local authority in the UK that will get the most payment, with £63million to go out to 208,800 households.
This means one in two people in the Midlands city will benefit from the £300 payment.
The second biggest recipient will be Leeds, which will receive £30million, while residents of Manchester will get a total of £29million.
People in Derry and Strabane in Northern Ireland are most likely to get a payment, as one in three people will receive the cash.
56 percent of people in Belfast will get the payment as well as 51 percent of residents in Newham in London.
People on these benefits may be eligible to get the £300 payment, which will be paid automatically:
- Universal Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit.
To qualify for the support, a person will need to have received one of the qualifying benefits between August 18 and September 17 this year.
A person will see the payment appear on their bank statement as DWP COL or HMRC COLS.
Pensions secretary, Mel Stride, said: “The best way we can boost bank balances is by bearing down on inflation, but as we get there, we are ensuring the most vulnerable households are cushioned from high prices with a further cost of living payment.”
For the latest personal finance news, follow us on Twitter at @ExpressMoney_.
