Second cost-of-living payment to be made this autumn

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The latest cost-of-living payments will be paid between 31 October and 19 November

The next cost-of-living payment for vulnerable and low-income households 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 the 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.

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 third and final cost-of-living payment will be made during spring of 2024, for a sum of £299.

Conservative MP Chris Clarkson has welcomed the payment, which will be made to 17,100 vulnerable and low-income households in Heywood & Middleton, saying it will “make a huge difference” to those who are eligible.