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Cost of living: You could get extra £1,650 thanks to Rishi Sunak’s support package | Personal Finance | Finance

On the brand new help bundle, Laura Suter, head of private finance at AJ Bell, mentioned: “Rishi Sunak’s bumper giveaway was far greater than most anticipated, with an additional £400 for each family within the UK, £700 for pensioners and £1,050 for low-income households – on prime of the £150 council tax giveaway that many have already obtained.

“The utmost profit a family can declare is £1,650, which looks like a large sum, and the bottom revenue households will get £1,170.

“Nevertheless, to place that into context, between March and October this yr common power payments will rise by £1,523 – so for these households getting the biggest handouts it nonetheless solely leaves £100 spare to cowl all the opposite price of residing will increase.

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