- The Conservative Government has delivered on its commitment to halve inflation by the end of the year, but too many vulnerable people are still feeling its effect which is why targeted cost of living support is being delivered to those most in need.
- Over the past month, nearly twelve million payments have been made to pensioners across the UK – meaning that more than 99 percent of eligible pensioners have now received up to £600 per household to help with their energy bill this Christmas for the second year running.
- The confirmation of the payments being made comes as it is confirmed Inflation as measured by the Consumer Prices Index (CPI), fell to 3.9% in the 12 months to November 2023, according to data from the Office for National Statistics (ONS).
Torbay’s MP Kevin Foster has welcomed the arrival of the Winter Fuel Payments and Pensioner Cost of Living Payments for pensioner households in Torbay, worth up to £600, as part of the Conservative Government’s record £104 billion cost of living support package.
Over the past month, around 11.9 million payments totalling more than £4.8 billion have been made to pensioners across the UK. This means more than 99 percent of eligible pensioners have now received up to £600 per household to help with their energy bill this Christmas for the second year running as the Conservative Government continues to target support at those most in need.
The payments build on the Conservative Government’s commitment to supporting pensioners and ensuring dignity in retirement. Following this year’s record 10.1 per cent increase to the State Pension, it will increase again by 8.5 per cent from April 2024, in line with earnings – bringing the New State Pension to over £11,500 a year, an increase of more than £900.
Further support has also been made available for vulnerable households this winter. Low-income households are receiving Cost of Living Payments worth £900 during 2023-24, and nearly three million low-income households are eligible for a £150 rebate on their winter electricity bills through the Warm Home Discount. The Cold Weather Payment has also now come into effect providing eligible households an extra £25 a week when the temperature drops below zero degrees for more than seven days.
Commenting, Kevin Foster MP said:
“It is good to hear pensioner households across our bay have been receiving their winter fuel payments and pensioner cost of living payments as part of the Government’s work to support people with the cost of living.”
ENDS
