A series of payment and money changes will be introduced throughout November, including the Bank of England's interest rate decision and the Chancellor's Autumn Statement. Additionally, schemes to support struggling households will come into effect, such as the next phase of the Cost of Living Payments worth £300. Other changes include the Cold Weather Payment starting from November 1 and the Cost of Living Payment window from November 1 to 19.
A series of payment and money changes will be introduced throughout November affecting millions of UK households. From the decision on the Bank of England's interest rate to the Chancellor's Autumn Statement, numerous policy alterations could be on the way, reports the Manchester Evening News.
Cost of Living Payment window - From November 1 to 19 The next Cost of Living payments will officially begin from October 31, with those eligible set to have been paid by November 19. Those who exclusively receive benefits from HMRC will begin receiving the payment from November 10 with the same deadline.
Autumn Statement - November 22 Chancellor Jeremy Hunt will deliver the autumn statement near the end of the month. While it's not yet clear what announcements will be made, the government has indicated its priority to cut taxes as well as other policies aimed to tackle the cost of living crisis. In order to be eligible for the discount, either you or your partner need to be claiming Pension Credit on August 13 of this year or be receiving a qualifying low-income benefit while having high energy costs. If you're not sure whether you're eligible for the discount, you can use the government's online tool which should better inform you.
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