Craig Williams has welcomed the Chancellor of the Exchequer’s announcement today of an additional £15 Billion package to support the most vulnerable households with the rising cost of living.
The Chancellor today unveiled the Treasury’s ‘Plan for Stronger Economy’, with the most vulnerable UK households set to receive an additional £1,200 – comparable to the average energy bill increase over the course of this year. The measures include:
- A £650 cost of living payment for every household on means-tested benefits – over 8 million UK households will be directly sent a one-off cash payment, paid out by the DWP in two separate instalments in July and Autumn this year.
- A £300 pensioner cost of living payment for every pensioner household in receipt of Winter Fuel Payment, on top of the WFP which had been increased to £300.
- A £150 disability cost of living payment for those in receipt of disability benefits.
- Supporting hard-work families by doubling the October £200 rebate to £400, and turning it into a cash grant – cancelling the existing clawback mechanism.
- Additional funding to the Welsh Government through the Barnett Formula, to support Household Support Fund payments within Wales through local councils.