DWP announces eight million will receive 'final' payment in 'four weeks'

Around 8 million eligible households across the UK are set to receive a £299 Cost of Living Payment in February, as the Government unveiled its plans to reward work, reform welfare and grow the economy.

Millions are set to receive the final £299 Department for Work and Pensions Cost of Living Payment in four weeks. Around 8 million eligible households across the UK are set to receive a DWP £299 Cost of Living Payment in February, as the Government unveiled its plans to reward work, reform welfare and grow the economy.

It follows the Autumn Statement and Budget in November where Chancellor Jeremy Hunt delivered additional cost of living support to most vulnerable as well as tax cuts for hardworking families and comes as Government turns a corner on the economy and Work and Pensions Secretary ushers in next generation of welfare reforms.

Mel Stride, Secretary of State for Work and Pensions, said: "We’ve delivered on our promise to halve inflation, putting money back in people’s pockets, while also providing millions of households with unprecedented financial support to ease cost of living pressures. We will always protect the most vulnerable, while ensuring fairness for the taxpayer."

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Stride went on: "We know that the best way to secure long-term financial security is through employment, so we’re rolling out the next generation of welfare reforms to put thousands more people on a pathway off benefits and into work.

The £299 payment in February 2024 will be sent automatically by the DWP and HM Revenue and Customs, so eligible people do not need to apply or take any action to receive it. Jeremy Hunt, Chancellor of the Exchequer, added: "Inflation has halved, but I know some families are particularly vulnerable to cost of living pressures, which is why these payments are so important."

He added: "The best way we can help families is by getting more people into good jobs, including through our Back to Work Plan which will help more than 1 million people look for work and grow the economy.