The cost of living crisis is when the cost of essentials such as the price of bills and groceries are rising faster compared to household incomes. It can be measured by the inflation rate.
The United Kingdom is facing the full swing of the cost of living crisis.
To tackle this situation, millions of vulnerable households in the UK will benefit from the government money help plan of £15 billion.
Almost 8 million households will get the support of £1200 this year, Universal Allowance will also increase to £400
UK Energy Grant for All
Energy grants are the help given by the government to those who are struggling in paying their energy bills.
Energy grants are crucial as the government has released that due to global factors that are affecting the cost of living, many households will be needing government assistance to help with dealing with high energy costs.
Energy prices will increase from £1,277 to £1,971 which leads to a rise in energy bills by £700 for average households.
Eligibility Criteria
- The property you own must be under council tax bands A-D and you must be the one who is responsible for council tax.
- You should be living in a sole or main residential property.
- In case you live in council tax band E but you are receiving the disabled band reduction which means you are paying tax equal to those who are living in band D, you are also eligible in this circumstance.
How Much Money Will Households Get Under The UK Energy Grant Scheme?
£400 will be granted towards your energy bill.
UK Government Grant for Those Most In Need
The UK government allotted special funds for 80 million people with lower income.
Eligibility Criteria
You should be the one who is receiving the means-tested benefit including tax credits, universal credit, and other benefits.
You will directly receive the money from the department for work and pension.
How Much Money Will Households Get Under The UK Government Grant Scheme?
You will get £650 each, which makes £1000 of total government money help.
UK Government Grant for Pensioners
Eligibility criteria
Your birth date must be before the 26th of September 1956.
Depending on your age and circumstances, the payment may vary in the range of £100 to £300.
How Much Money Will Households Get Under This Scheme?
Pensioners who are already receiving the government’s Winter Fuel payments will get an extra one-sum amount of £300 in Autumn to cover the energy bills in colder months.
UK Government Grant for People with Disabilities
There are millions of UK citizens who are suffering from serious medical issues and disabilities.
People use ventilators 24/7, eclectic pumps for feeding, and some need to pay for mobility equipment like wheelchairs, bath seats, and stair lifts.
All of this equipment can increase the cost of energy in your household.
Eligibility criteria
- You or any other person living on your property must be disabled.
- You or the other person you are applying for, must be the owner of the property or be a tenant and must live in the property for over five years.
How Much Money Will Households Get Under The Government Grant For Disabilities Scheme?
If you are the one who is receiving the disability benefits, then you will receive £150 as a one-off payment.
UK Government's Household Support Fund
The UK Government has announced the household support fund for those who are most vulnerable.
A total of £421 million in government money help has been declared. This funding will be allocated between April 01, 2022, to September 30, 2022.
The objective is to support low-income households, especially those where children and pensioners are present.
This fund may cater to the essential products that affect households due to their high prices.
These are related to energy and water (items like warm clothing, blankets, soaps, services, and equipment for example fridges, ovens, etc).