Today, the Chancellor set out new measures to support families with the cost of living – a £15 billion package worth £1,200 for those on the lowest incomes, around one third of all households.
Here is what the Chancellor’s announcement means for local residents across Esher and Walton constituency:
Providing £9 billion targeted support to the most vulnerable households:
- £650 cost of living payment for every household on means-tested benefits, such as Universal Credit and Jobseeker’s Allowance.
- £300 cost of living payment for every pensioner household in receipt of Winter Fuel Payment – benefitting around 14,000 households in Esher and Walton constituency. This takes the total pensioners receive to £850.
- £150 disability cost of living payment for nearly 6 million people in receipt of disability benefits.
- £500 million discretionary funding for local authorities to help households not covered by the above support.
Supporting hard-working families with £6 billion to help with energy bills:
- £550 for hard-working families, with most households receiving the £150 rebate and the £400 energy bill cash grant.
This means the Government’s support to help families with the cost of living now totals over £37 billion.
You can read more on the Chancellor’s announcement here.