A new £15 billion package of support to help with the rising cost of living was announced by the Chancellor on 26th May.
There will be a new one-off £650 payment for more than 8 million low-income households. There will also be one-off payments of £300 to pensioner households and £150 to individuals receiving disability benefits.
Rishi Sunak also announced that the energy bills discount due to come in from October is being doubled from £200 to £400. There will be no need to repay this discount.
This package means that almost all of the eight million most vulnerable households will receive at least £1,200 of extra support this year.
There will also be a £500 million increase for the Household Support Fund. This scheme will be extended from October until March 2023.
To help pay for the extra support, the Chancellor said a temporary 25% Energy Profits Levy would be introduced for oil and gas companies.
A factsheet giving full details of the announcement can be found on the GOV.uk website.