Issue 111
No Business Support in Chancellor's Cost of Living Bailout www.CLHNews.co.uk
Chancellor Rishi Sunak has been accused of failing to support businesses after yesterday’s (May 26) announcement of a £21b package to tackle the cost-of-living crisis, which critics say focuses solely on consumer bills. Following weeks of intense criticism and scrutiny the Chancellor unveiled a new £21billion cost-of-living bailout which will see every household getting hundreds of pounds off their increasing household bills. The new package will, the government says, provide help for struggling families
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after consumer watchdogs warned that the Ukraine crisis means energy costs are set to soar again this Autumn - by more than 40 per cent. The Chancellor announced a new one-off cost-of-living payment of £650 for low income households and a separate one off payment of £300 to pensioner households, with £150 also going to individuals who are receiving disability benefits, and also announced energy bills discount which will come into effect in October and will be doubled from £200-£400 with the need to pay this back now scrapped.
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