House of Commons · Written Ministerial Statement
Contingencies Fund Advance for Cost of Living Payments
04 July 2022 · Department for Work and Pensions
Proposed by David Rutley Con Macclesfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Contingencies Fund has approved an advance of 2,477,600,000 to cover the initial Cost of Living Payments.
- The advance will facilitate immediate support starting on July 14th, 2022.
- Full funding for the Cost of Living Payments will be sought through the Supply and Appropriation (Main Estimates) Bill.
Issue summary
The statement addresses the approval for an advance from the Contingencies Fund to cover the first Cost of Living Payments.
Action requested
An advance of £2,477,600,000 has been approved to enable immediate support through Cost of Living Payments starting on July 14th, before the Supply and Appropriation (Main Estimates) Bill is passed. The full funding will be sought in the Main Estimate.
Key facts
- Advance from Contingencies Fund: £2,477,600,000.
- First Cost of Living Payments to eligible claimants worth £326 each starting July 14th.
- Number of low-income families receiving support: around 8 million.
- Supply and Appropriation (Main Estimates) Bill will be submitted for Royal Assent.
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Assessment & feedback
Summary accuracy