Certain benefit claimants and pensioners could be set to get a £1,100 cash boost as Prime Minister Rishi Sunak plans to give out more cost of living payments.
The PM and Chancellor Jeremy Hunt are currently working out the final details of the Autumn Statement, reports North Wales Live. Under the reported new proposals, benefit claimants will gain £650, pensioners will get £300 and there will be an additional £150 disability payment too.
A Government source said: “Rishi saw his cost of living plan work last time and so is sticking with it again”.
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Speaking to the BBC, Mr Sunak said: "The number one challenge we face is inflation. We're not alone in that, actually, for example, Germany and Italy have inflation that is even higher than ours at the moment.
"And it's important that we get a grip of that, it's important that we limit the increase in mortgage rates that people are experiencing. And the best way to do that is to get a grip of our borrowing levels and have our debt on a sustainable basis falling."
Rishi also spoke to ITV News, saying: "Of course I would say to all executives to embrace pay restraint at a time like this and make sure they are also looking after all their workers." The Prime Minister said that the scale of food bank use across the UK is "obviously a tragedy", amid the worsening cost of living crisis.
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He continued: "I've got enormous admiration and gratitude for the people who are providing them in my constituency and elsewhere as well. But I do of course want to get to a position where no one needs to use a food bank."
The PM said that he has acknowledged that "mistakes were made" during Liz Truss' brief reign as PM. The new PM told Sky: "What I want to do now is fix them".
He added: "I think I demonstrated over the summer that I'm prepared to be honest with the country about the challenges we face and to make the difficult decisions that are required to fix them."
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