Policy background
The Chancellor of the Exchequer announced a package of measures as part of his Autumn statement on 17 November 2022 to support households with the rising cost of living. This includes cost of living payments (known as ‘additional payments’ in this Act) for the most vulnerable households at a total cost of around £8.6 Act ion in 23/24. These are in addition to the similar measures announced in May 2022 and provided for in the Social Security (Additional Payments) Act 2022.
	The additional payments will be targeted at the most vulnerable households. The Government will make payments of up to £900 to households in receipt of means-tested benefits at a total cost to the Exchequer of around £7.5 Act ion in 2023/24. The means-tested additional payments will be made in three payments. The Government will make payments of £150 to individuals in receipt of eligible disability benefits at a cost to the Exchequer of around £1.2 Act ion in 2023/24.