The package includes a further £421 million to the Household Support Fund in England – which helps individuals with food and energy bills – for October 22 to March 23.
In addition to a top-up of funding by £79 million for devolved nations, with the whole value of support now amounting to £1.5 billion.
This also comes along with the changes to the Universal Credit taper rate and work allowances value £1,000 a 12 months on average for 1.7 million working claimants, an increase within the National Living Wage to £9.50 an hour, and a tax cut for around 30 million staff through a rise in National Insurance contribution thresholds.
UK Chancellor of the Exchequer Nadhim Zahawi said: “We all know that rising prices faced by many countries world wide are a big worry for many individuals here within the UK, especially those most vulnerable to additional costs”
“Today’s announcement that disabled people will begin to receive a further £150 payment from the tip of September reinforces our commitment to assist UK households through the difficult times ahead.”
“This payment is along with further help households can expect over the approaching months – including a second cost of living payment of £324 for households on means-tested advantages, £300 for pensioners this winter and £400 discount on energy bills for each household.
“That is all a part of our significant £37 billion support package.”