Kevin Foster MP has welcomed confirmation the next cost of living payment, worth £300 for 16,100 vulnerable and low-income households in Torbay, will be made between 31 October and 19 November 2023.
This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023-24, and will help families affected by global inflation caused by Putin’s illegal war in Ukraine and the aftermath of the Covid-19 pandemic.
Details about the third cost of living payment will be announced in due course.
These payments build on the Cost-of-Living Payments made last year worth up to £1,200, and form part of the Government’s record financial support for the most vulnerable, worth an average of £3,300 per household.
The £300 Cost of Living Payment will be sent out automatically and directly to eligible households, so there is no need to apply. Eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
Kevin Foster MP said:
“Financial support from the government over the past year and a half has already supported families across Torbay facing the impact of global inflation, exacerbated by Putin’s illegal war in Ukraine and the lingering impacts of the pandemic.
“This latest £300 Cost of Living Payment for 16,100 eligible households in Torbay will make a big difference to the most vulnerable and those on the lowest incomes this autumn.”
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