Millions of people across the UK are struggling to meet their financial obligations as the cost of living crisis continues.
A survey by the Financial Conduct Authority reported that the total reached 10 million, an increase of 3.1 million from the previous year, with many forced to choose between heating and dining and canceling insurance policies to make ends meet. warns that it is being forced to
Recent research shows that inflation is still in the double digits at 10.1%, and prices for goods on supermarket aisles and high street shelves are still high, often doubling. which one? – After a long winter with high utility bills, household budgets continue to be under pressure.
And while there is state support available to help low-income and hard-pressed people, some governments have pledged support all winter long, such as warm housing discounts and cold country payment schemes. The initiative is no longer applicable and will end on April 1st. with the change of seasons.
The government’s energy tariff subsidy, introduced last year by Rishi Sunak of 11 Downing Street, also ended, with the last £67 of the £400 total paid out in late March.
Below, we’ll take a look at the assistance available to households this June.
An additional £1,350 in support will be paid
Millions of low-income households will receive further cost-of-living assistance from the government this year, worth up to £1,350, despite the expiration of the energy tariff subsidy scheme.
Eight million means-tested eligible claimants, including those on universal credits, pension credits and tax credits, will receive £900 in installments from this spring, with the money split in three installments. The money will be split and credited directly to a bank account at the Ministry of Labor and Pensions (DWP) said.
An additional £150 will be given to more than 6 million disabled people and £300 to more than 8 million pensioners.
here it is payment window It has been announced so far and a more precise date is expected later in the year.
- £301 – first cost of living payment – issued between 25th April and 17th May (2nd May – 9th May for those receiving tax credits but no other low income benefits) until date)
- £150 – Disability Allowance – Summer 2023
- £300 – Second cost of living payment – Fall 2023
- £300 – Payments to Pensioners – Winter 2023/4
- £299 – 3rd cost of living payment – Spring 2024
Energy Price Guarantee still valid
There was good news in Jeremy Hunt’s March 15 bill. The Energy Price Guarantee (EPG), introduced by Liz Truss last September, guarantees that households will pay no more than £2,500 on their electricity and gas bills and will be subsidized by the government, the prime minister said. announced. The remaining amount to be paid to the provider under Ofgem’s energy price cap is further extended by him for three months.
Mr Hunt was reportedly tempted to increase the EPG to £3,000, which was not a fairly generous offer to ease the state’s burden, but ultimately thought good intentions and guaranteed The period has been extended to April, May and June.
“High utility bills are one of the biggest worries for families, so we will keep the energy price guarantee at the current level,” the prime minister told parliament in a spring statement.
“Utilities are set to drop from July onwards, so this temporary change will help bridge the gap and ease pressure on families, while also helping to lower inflation.”
Without this support, the average household would have paid £4,279 in bills annually from January to April. has been reduced.
Ofgem has since lowered its price cap for the second quarter of this year by 23% to £3,280. Hunt’s decision means that the public will continue to be protected instead of paying the full amount, while the state’s payments will be significantly reduced and increased. Something like £780 per household.
Benefits of going out as usual
The usual state aid in the form of stipends and pension payments will also go into effect in June as usual, as there are no scheduled bank holidays that disrupt delivery dates.
Anyone expecting to receive any of the following from DWP can receive their money on any regular date this month.
- universal credit
- national pension
- pension deduction
- Disability living allowance
- Individual Independence Allowance
- Nursing care allowance
- caregiver allowance
- Employment support allowance
- income support
- Job Seeker’s Allowance
For more information on when and how state benefits are paid, visit: government website.
Additional help
Another recent announcement from the DWP concerns the date (September 18) when manual applicants will be able to apply for the next winter fuel payment later this year, worth between £250 and £600 depending on their needs. There is a possibility. A person of public pension age (66 and over) suffering from a medical condition or disability is entitled to £272.40 or £407 per month for medical treatment under the Attendance Allowance scheme.
