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SECOND PAYMENT

Cost of living payment latest: Exact date more than 7 million people will receive second part of £650 cash boost

- Families’ mortgages set to soar by £1000s
- Bank of England steps in to save Brits’ pensions
- Warning house prices could fall by 15%

THE Department for Work and Pensions has announced when Brits can expect their second cost of living payment.

Brits will receive their payment of £324 to go towards the cost of living, on 8 November, it has been announced.

This is the second instalment of the cost of living payment, totalling to £650 to help claimants with the rising cost of living.

Furthermore the Government have said that the vast majority of eligible claimants who were due to receive the one-off £150 cost of living payment from the DWP by early October have now had their payment processed.

The Energy Price Guarantee announced by Liz Truss, replaces the Ofgem price cap previously set at £1,971, which now increases to a maximum of £2,500 a year for most average UK households.

Read our cost of living live blog below for the latest updates....

  • Ije Teunissen-Oligboh

    Liz Truss to scrap 45% tax plan

    The new PM, along with her chancellor, Kwasi Kwarteng, announced plans to remove the top tax rate which would have see the richest in society have more money.

    Today, just 10 days after the controversial announcement and much defending of the plan, Truss and Kwarteng have made clear they’re scrapping the plan.

    Kwarteng said of the U-turn: “We just talked to people, we listened to people, I get it.”

    He was then asked if he owes people an apology, he said: “We’ve listened to people. And yeah, there is humility and contrition in that. And I’m happy to own it.”

  • Ije Teunissen-Oligboh

    Protesters demand better future for children

    The UK has seen prices rise for a while now.

    Prior to the COVID pandemic lockdown, waiting times on the NHS were already at a record high, but things have gotten substantially worse.

    Since then, people are waiting for ambulances for an hour or two in some areas. Now, with fuel and food more expensive, many are concerned about how they’ll make it through the winter.

    Pay has remained stagnant and so many have taken to the streets to protest.

    In Glasgow, protesters could be heard chanting: “Tories, Tories, Tories! Out, out, out!” and “The workers, united, will never be defeated.”

  • Ije Teunissen-Oligboh

    Belfast rally told children will die this winter

    A rally took place over the weekend in Northern Ireland.

    In Belfast, where the rally took place, a rally was told there is a real chance children will die this winter due to hypothermia.

    The rally was organised by the campaign group, Cost of Living Coalition.

    One of the people speaking was the Children’s commissioner, Koulla Yiasouma. She said to the crowd: “Words won’t feed our children, they won’t keep our children warm, nor will they give them a safe place to live.

    “What we need is action to do that and for too long successive governments, both here and across the water, have made the political choice – and make no mistake a choice is what they’ve done – to make sure we have a certain level of child poverty and that child poverty exists.

    “I can’t even imagine what that’s going to look like by Christmas.”

  • Lauren Cole-Lomas

    No fireworks for Bonfire night

    ITV news announced the cancellation of some fireworks displays this year.

    Some local organisers, concerned about the cost of living crisis, have decided to axe the annual event.

    Leeds, Hackney and Cardiff have all cancelled their firework displays this year.

    Talking about Hackney’s fireworks, Cllr Caroline Woodley said: “Sadly this year’s Hackney Fireworks display in Clissold Park will not go ahead again as the council continues to focus resources on responding to the impact of the coronavirus pandemic and delivering essential services to our residents in this challenging financial climate.”

  • Lauren Cole-Lomas

    30 ways to save cash during the cost of living crisis

    Every little change can help when bills are rising the way they are.

    Here is a list of ways Brits have been saving money during the cost of living crisis.

    1. Turn the heating down
    2. Making sure lights are always turned off
    3. Buy own brand products at the supermarket
    4. Take lunch into work
    5. Turn off all electrics when not using/out of the home
    6. Wear a jumper instead of turning on the heating
    7. Save leftovers for another meal
    8. Using discount vouchers
    9. Use a clothesline instead of a tumble dryer
    10. Collect coupons and money off vouchers
    11. Buy second class stamps instead of first
    12. Buy eco-friendly/energy saving bulbs
    13. Cut down going out
    14. Shop in budget supermarkets
    15. Wait for the sales when making purchases
    16. Buy food and toiletries in bulk
    17. Turning off all the plugs before leaving the house  
    18. Haggle my home/car insurance
    19. Price compare at different grocery stores
    20. Borrow books from your library
    21. Shop at second hand/charity stores
    22. Using public transport instead of taxis
    23. Cut your own hair
    24. Spend your weekend taking part in free activities
    25. Go to supermarkets in the evening for yellow sticker deals
    26. Grow your own vegetables and herbs
    27. Drink water when eating in restaurants
    28. Using an older or hand-me-down phone rather than buying the newest model
    29. Reduce your television/internet packages to the bare minimum
    30. Selling anything you possibly can on an online marketplace
  • Lauren Cole-Lomas

    Brits protest against cost of living crisis

    Many Brits have snapped as they struggle to pay their bills before winter’s cold snap comes into full swing.

    It has been reported that thousands of people turned out to protest in London, Edinburgh, Norwich and Eastbourne, among other areas.

    Sarah Golden, 52, protestor told the Guardian: “I felt so powerless, we can’t vote for example. I wanted to try to make a difference so decided to come here.”

    Members of Don’t Pay UK have taken to burning their utility bills.

  • Lauren Cole-Lomas

    Useful tips during cost of living crisis

    With the energy crisis looming this October, cash-strapped households are being offered nifty tips on how to stretch their monthly budget.

    Rebecca Bebbington, online consumer expert at NetVoucherCodes said: “We wanted to help people who are feeling anxious about their bills rising by providing some simple methods to allow them to stretch their cash this autumn.”

    The online consumer expert has suggested that turning to cash may be a good way to manage the cost of rising bills.

    It’s a simple trick to help with budgeting this autumn, but it’s also a useful way to save money by having physical cash to divide up and allocate towards certain spending areas.

  • Lauren Cole-Lomas

    'Out of touch' This Morning presenters slammed for cost of living discussion

    Viewers took to Twitter to discuss the conversation had on ITV's morning programme with Holly Willoughby and Philip Schofield.

    They were joined by Vanessa Feltz and Gyles Brandreth as they discussed the effects that the financial crisis is having on young people.

    Fans weren't impressed, one wrote: “Four very well paid presenters/journalists pretending they give a [bleep], not one of them having to worry about mortgage, rent or food bills this winter."

    “Those energy saving segments on @thismorning are so incredibly insincere.. It is so obvious the millionnaires presenting the show simply do not care…,” another penned.

  • Lauren Cole-Lomas

    Universal Credit claimants cost of living payment 'factored in'

    It is claimed that government ministers are looking for a way to use taxes to cover the cost 'of the £650 bailout".

    A government source told The Sun: "Claimants have been given a lot of support already this year so that should be factored in."

  • Lauren Cole-Lomas

    EXACT date of second DWP payment announced

    The second half of the £650 payment made to eligible Brits will be paid into bank accounts in November.

    Brits will get their payment from the 8 November onwards.

    Work and Pensions Secretary Chloe Smith announced the exact date that the second payment will be made for those on Jobseekers’ Allowance, Employment and Support Allowance, Income Support, Pension Credit, Child Tax Credit and Working Tax Credit.

  • Lauren Cole-Lomas

    Martin Lewis issues urgent message to Universal Credit claimants

    Those who are waiting for their second instalment of the cost of living payment might be wondering where it is.

    Money Saving Expert martin lewis cleared up some confusion over the Department for Work and Pensions' latest announcement.

    The DWP said over the weekend that "we haven't confirmed when the second payment will be made yet.

    "We’ll be keen to let people know clearly and widely when there is a date to announce." 

    Martin said via Twitter: "I'm hearing we're going to get news pretty soon (possibly today) on when the 2nd cost of living payment for those on benefits / Universal credit will come. I'll let you know as soon as I know."

  • Lauren Cole-Lomas

    Early cold snap makes cost of living more difficult for Europe

    The early winter weather that has hit the UK and Europe is going to worsen the cost of living crisis, claims the EU’s meteorological agency.

    Forecasting models have been compiled, and it is believed by the EU's meteorological agency that the early signs of winter has been brought on by the La Nina weather pattern.

    The European Centre for Medium-Range Weather Forecasts announced that the pacific ocean's cooler weather is identified as La Nina.

    Carlo Buontempo, the ECMWF’s director of the Copernicus Climate Change Service, said: “La Niña tends to cause disruption to westerly winds, creating high pressure over Europe, which is what the models are showing for the beginning of winter," the Guardian reported.

  • Lauren Cole-Lomas

    Kwasi Kwarteng addresses 45 per cent tax cut u-turn

    The Chancellor has had a "tough" day as he announces the reversal of his decision to cut taxes.

    He said in his conference this afternoon: "It has been tough, but we need to get on with the job at hand.

    "No more distractions, we have a plan and we need to get on and deliver it."

    He vowed to "get Britain moving".

  • Lauren Cole-Lomas

    Protesters demand better future for children

    The UK has seen prices rise for a while now.

    Prior to the COVID pandemic lockdown, waiting times on the NHS were already at a record high, but things have gotten substantially worse.

    Since then, people are waiting for ambulances for an hour or two in some areas. Now, with fuel and food more expensive, many are concerned about how they’ll make it through the winter.

    Pay has remained stagnant and so many have taken to the streets to protest.

    In Glasgow, protesters could be heard chanting: “Tories, Tories, Tories! Out, out, out!” and “The workers, united, will never be defeated.”

  • Ije Teunissen-Oligboh

    Belfast rally told children will die this winter

    A rally took place over the weekend in Northern Ireland.

    In Belfast, where the rally took place, a rally was told there is a real chance children will die this winter due to hypothermia.

    The rally was organised by the campaign group, Cost of Living Coalition.

    One of the people speaking was the Children's commissioner, Koulla Yiasouma. She said to the crowd: "Words won’t feed our children, they won’t keep our children warm, nor will they give them a safe place to live.

    "What we need is action to do that and for too long successive governments, both here and across the water, have made the political choice – and make no mistake a choice is what they’ve done – to make sure we have a certain level of child poverty and that child poverty exists.

    "I can’t even imagine what that’s going to look like by Christmas."

  • Ije Teunissen-Oligboh

    No fireworks for Bonfire night

    ITV news announced the cancellation of some fireworks displays this year.

    Some local organisers, concerned about the cost of living crisis, have decided to axe the annual event.

    Leeds, Hackney and Cardiff have all cancelled their firework displays this year.

    Talking about Hackney's fireworks, Cllr Caroline Woodley said: "Sadly this year's Hackney Fireworks display in Clissold Park will not go ahead again as the council continues to focus resources on responding to the impact of the coronavirus pandemic and delivering essential services to our residents in this challenging financial climate."

  • Ije Teunissen-Oligboh

    Shopping tricks to save money

    Many Brits go shopping without a shopping list or with one in their head.

    Not having a shopping list written down is one of the main reasons for over buying. It also leads a person to do more small shops during the week.

    Where a person shops also has a big impact on the final money spent. Many might shop at a store that's closer to them, rather than seeking out a more cost-effective supermarket like Aldi, Lidl, or Savers.

    Check the cost per kilo or portion. Buying a smaller portion of something may not be the best way as it might be cheaper now, but will end up more expensive later. And for things like meats, you can buy in bulk and freeze in sections, which reduces waste and makes those pennies work harder.

  • Ije Teunissen-Oligboh

    Save money on pet grooming

    Visiting a professional dog groomer costs an average £43 or £258 per year for six visits, according to Vouchers.co.uk.

    Cut this cost by DIY grooming including regular brushing, nail clipping, cleaning around their eyes, trimming coats and occasional baths. 

    Check out YouTube for tips on caring for your specific breed’s coat, the General Pet Grooming and Go Groomer channels are a good place to start.

    Find cheap tools, like a Furminator deshedding tool, and there’s currently 25 per cent off at Pets at Home, costing from £19.50 depending on the size of the dog.

    Search Gumtree, eBay and Facebook marketplace for second-hand equipment and toys. 

  • Ije Teunissen-Oligboh

    Make sure you’re switching off appliances properly

    Despite being a very simple tip it could save you some much needed cash.

    Make sure you’ve switched off your appliances properly as just by leaving computers, games consoles and security lights on standby could be costing you a small fortune.

    That’s because they use a lot of energy even when you’re not using them.

    Leaving these appliances on could be costing you more than £500 a year.

    Fridge freezers, tumble dryers and washing machines are among the list of worst appliances driving up your bills.

    Switch them off at the plug when you’re not using them and use the energy saver mode settings.

  • Ije Teunissen-Oligboh

    £15 food vouchers to be given out

    Thousands are set to get £15 cash help in the form of food vouchers this month to help pay for the rising cost of groceries.

    The support will be dished out under a new round of £421million funding given by the government to the Household Support Fund.

    West Northamptonshire Council has announced it will be handing out part of its £2.6million portion of cash in the form of food vouchers.

    The £15 vouchers will be given to low income households with children, to help pay for food during the October half term break.

    The council will be contacting schools in the local area, who will dish out the vouchers ahead of the holiday.

  • Ije Teunissen-Oligboh

    Cost of Living crisis - 1978 all over again

    As the cost of living crisis gets worse, it continues to be compared to the winter of discontent.

    1978 keeps being compared to the state of things now.

    Channel 5 aired a documentary about that year and the narrator could be heard saying: "A nation crippled by strikes, rocketing prices and a cost-of-living crisis – you’d think this was 2022."

  • Ije Teunissen-Oligboh

    Protesters demand better future for children

    The UK has seen prices rise for a while now.

    Prior to the COVID pandemic lockdown, waiting times on the NHS were already at a record high, but things have gotten substantially worse.

    Since then, people are waiting for ambulances for an hour or two in some areas. Now, with fuel and food more expensive, many are concerned about how they'll make it through the winter.

    Pay has remained stagnant and so many have taken to the streets to protest.

    In Glasgow, protesters could be heard chanting: "Tories, Tories, Tories! Out, out, out!” and “The workers, united, will never be defeated."

  • Ije Teunissen-Oligboh

    What did Liz Truss used to do?

    Many across the UK have felt the cost of living get worse rather than better of late.

    The budget laid out by the new PM, Liz Truss, and her chancellor have caused may social media users to question her experience and whether she is fit for the PM job.

    Truss began her career working for the oil giant, Shell, during which time she qualified as a chartered accountant.

    Standing for the Liberal Democrats, Truss lost her first two local elections.

    She later co-authored a number of reports centred around finance, including Back to Black: Budget 2009 Paper.

  • Ije Teunissen-Oligboh

    Cut back on Kettle use to save on bills

    According to experts, a kettle will cost £98 a year to run from today.

    Gareth from Uswitch recommends using a hob when you can.

    “Water boiled on a gas hob is cheaper than boiling it in a kettle, however it is significantly less convenient,” he said.

    Click here for more bill tips.

  • Ije Teunissen-Oligboh

    Piers Morgan questions government plan

    A social media user asked the presenter what his thoughts were on the government plans.

    In response to the question, Piers Morgan made clear that the poorest and most vulnerable in society should be protected.

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