The Chancellor has announced new measures to reduce cost of living pressures, protect consumers and strengthen the UK’s long-term economic resilience.
Action to reduce cost of living pressures
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Search Results for "Cost of Living"
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Cost of living final payment 2023-24
The Cost of Living support aids 8 million households with benefits. Eligible recipients receive three payments: £301, £300, and £299, made separately. Confirmation for tax credit families and DWP payments already distributed to 7 million households.
Pensioner Cost of Living Payment
The 2023-24 Cost of Living support aids 8 million households with three payments (£301, £300, £299). Pensioners receive a Winter Fuel Payment of £150 or £300 based on factors like age. HMRC notified eligible recipients in November about their expected payments.
Cost of living payments
Discover and stay informed about upcoming UK Cost of Living Payments, eligibility criteria, and payment schedules for individuals on specific benefits. Ensure you don’t miss out on crucial financial support updates.
Cost of Living payments 2023-24 support
The Cost of Living support package has been designed to help over 8 million households in receipt of means tested benefits. The details for Cost of Living Payments due in the 2023-24 tax year were published earlier this year and have recently been
What do we mean by cost of living?
Confused about the cost of living and inflation? This article clarifies the concept while exploring varying price increases in different sectors, the distinction between CPI and RPI inflation measures, and the impact of interest rates on loan repayments. Helping you unravel the complexities of cost fluctuations and make informed financial decisions.
Action to contain cost of living pressures – groceries
The Competition & Markets Authority has issued an update on the action it is taking to ease price rises in grocery bills. In their press release issued on 15 May 2023, the CMA said:
As cost of living pressures have grown, the CMA has been
Cost of living payments 2023-24
The Cost of Living support package has been designed to help over 8 million households in receipt of mean tested benefits. The details for Cost of Living Payments due in the 2023-24 tax year have been published.
Pensioner Cost of Living Payment 2023-24
The Cost of Living support package has been designed to help over 8 million households in receipt of means tested benefits. The details for Cost of Living payments due in the 2023-24 tax year have been published.
Second cost of living payment
Back in May 2022, the then Chancellor Rishi Sunak announced a package of support measures targeted mainly to the most vulnerable members of society. One of the main measures was the Cost of Living support package to help over 8 million households.
New measures aimed at easing living costs
The Government’s new summer support package includes free bus travel for children and proposed food tariff cuts. These measures aim at easing living costs for households, while offering some potential benefits for customer-facing businesses during a challenging economic period.
The package, described as the
Tackling the cost-of-living crisis
The new Prime Minister, Liz Truss has, as promised, sought to tackle the cost-of-living crisis in her first few days in office. She is the fourth Conservative Prime Minister to govern the UK in a little over six years.
New measures to help with the cost-of-living crisis
Chancellor, Rishi Sunak has announced a new package of support measures in a statement to the House of Commons on 26 May 2022. The measures will be targeted to the most vulnerable members of society.
Business expenses when costs have a private element
Self-employed people can only claim the business share of mixed costs. This guide explains business expenses when costs have a private element, covering phone bills, travel, working from home and simplified expenses, plus the records you should keep.
Increase in employment costs 2026-27
Minimum wage increases from April 2026 raise payroll obligations, meaning employers must review pay structures, systems and compliance carefully.
Save up to £2,000 a year on childcare costs
Is your child starting school this September? Tax-Free Childcare could save you up to £2,000 a year. Check your eligibility now and start planning ahead.
Living Wage rates to be overhauled
In a move to put more money in working people’s pockets, the government has overhauled the remit of the Low Pay Commission (LPC).
This will, for the first time, ensure the independent body considers the cost of living when it makes future
Road fuel costs still too high
The Competition and Markets Authority (CMA) has published an update on the widespread action it is taking to ensure that people can get the best possible choices and prices in the face of ongoing cost of living pressures.
Tax exempt accommodation costs
Employees typically pay tax on provided living accommodation unless exempt. Exemptions include domestic or personal use, local council provision, job necessity, or security. No reporting of additional charges if lodging is exempt from tax.
Back to school – help with childcare costs
Parents, as children return to school, remember Tax-Free Childcare. It offers savings on childcare costs for kids up to 11 (17 for some disabilities), with government top-ups up to £2,000. Eligible for working parents.
Help with childcare costs
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for childcare costs. The scheme was used by almost 650,000 families during the 2022-23 tax year.
Half-term help with childcare costs
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for February half-term holiday clubs and wraparound care during the school terms.
Half-term help with childcare costs
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for October half-term holiday clubs and wraparound care during the school terms.
Get help with childcare costs for Easter
As the Easter holiday approaches, HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for regulated childcare, including holiday clubs and other out-of-school activities.