Millions of low-income households in Britain will receive up to 900 pounds ($1,084) in cost-savings assistance from the government during the financial year, the country’s Department for Work and Pensions said on Tuesday.
The department said in a statement that the money will go directly into the claimants’ bank accounts in three installments during the financial year.
The cash support was announced by Chancellor Jeremy Hunt in his Autumn Statement alongside tax increases and tighter public spending. The government did not provide details on the payment schedule at this time.
There will also be a separate £150 for more than six million disabled people and £300 for more than eight million pensioners, the department said.
The latest aid package follows a £1,200 cash support program for low-income households last year as the UK grapples with a cost-of-living crisis amid a tough economic environment.