In November, there will be discounts on energy bills, a Cost of Living payment, changes to interest rates, and a major financial statement. Eligible households will receive a £300 Cost of Living payment, part of a wider support scheme. Payments will start from October 31 and should be paid by November 19.
Throughout the autumn period, there will be a range of discounts applied to energy bills for eligible households. This will happen alongside a long-awaited Cost of Living payment which should provide some relief amid the cost of living crisis.
Read more: Cheapest petrol and diesel stations in Greater Manchester as Asda and Sainsbury's offer lowest fuel priceCost of Living Payment window - From November 1 to 19 Millions across the country will begin receiving the second Cost of Living worth £300. It makes up a wider support scheme worth a total of £900 for eligible benefit claimants.
Currently, the base rate stands at 5.25 per cent after it was narrowly decided in September that it would remain unchanged. It is not yet clear what decision the Bank will come to, however, early indicators such as a stubborn inflation rate mean that it could increase. Warm Home Discount scheme - All month round The Warm Home Discount, which will run until March 2024, will see pensioner and low-income households receive a one-off discount to their energy bills worth £150. A letter will be sent out to eligible households, informing them of how much they qualify for and if any extra action is needed.
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