St Austell and Newquay’s Member of Parliament Steve Double has welcomed that the next cost of living payment, worth £300 for 13,500 vulnerable and low-income households in St Austell and Newquay 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 Conservative 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.
The Government is supporting people with the cost of living right now, whilst working to deliver on its priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Steve said:
“Much of the causes of the current rise in the cost of living are a result of the war in Ukraine and the impact of the pandemic. However, it is right that we support those households most vulnerable to the sharp rise in prices as we see inflation come down and prices stabilise.”
“The record levels of financial support over the past year and a half have already supported families across St Austell and Newquay and this latest £300 Cost of Living Payment for 13,500 eligible households will make a huge difference to the most vulnerable and those on the lowest incomes this autumn.”
“The Government rightly remains committed to halving inflation, which is the best way to help everyone across our constituency with the cost of living.”
Commenting, Mel Stride, Secretary of State for Work and Pensions, 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.”
“Alongside this, thousands of Work Coaches across the country are helping people find work, increase their hours and boost their skills. I encourage anyone who wants to progress their career and strengthen their finances to visit their local Jobcentre to find out what help is available.”