COST OF LIVING PAYMENTS UK: £326 Payment & £400 Energy Rebate | When Will It Be Paid?

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MARY:

I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)

Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.

KEN:

I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.

Former CFO with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University.

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0:00 - Intro
00:47 - What cost of living payments are available?
1:55 - Do you need to apply?
2:10 - When will the money be paid?
3:22 - £400 Energy grant and when it will be paid
4:04 - 2022/2023 Energy cost forecasts
7:36 - Conclusion

★★ About this video ★★

COST OF LIVING PAYMENTS UK: £326 Payment & £400 Energy Rebate | When Will It Be Paid?

Massive thanks for watching and following our channel :) ♥

Best, Mary and Ken Okoroafor

NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice.

#costofliving #costoflivingcrisis #costoflivingpayment

[TheHumblePenny]

How is the rising cost of living affecting your lifestyle day to day? Please share examples.

[markszczepanski]

People need the full amount of£400 for this winter not just £66 in installments

[ambitiousbutrubbish]

We are fortunate enough to be able to withstand the increases in prices while still saving and investing 45% income regularly. Being more conscious of energy and petrol usage though. I'm curious your thoughts on this - I believe that 'external' factors aren't impacting the UK quite as much as we are being told. With the government forking out over £70bn on furlough over Covid, do you not think it's a coincidence we have massive price increases which will help pay the gov's debt through VAT? Curious what people think

[bethrichards]

Thanks for the informative video. Unfortunately the advertised £400 governmental energy rebate for ALL households excludes certain categories of householder such as those on sub-meters, those living permanently in caravans, farmers with combined commercial & domestic electricity, and a number of others without their own domestic, independent electricity connection. I myself live as a full time resident on a chalet site with a combined electricity bill for 90 individual properties who each receive a sub-bill from the site management company. After contacting several MP's I have received confirmation that at present there are no concrete plans to increase eligibility to the £400 apart a vague response that "it's being looked into." A lot of the residents living in these wooden chalets are low income as renting a "bricks and mortar" house is not affordable for them. On the other hand, second home owners in my area (a locality with lots of second homes) will receive this payment twice which is a bitter pill to swallow! This is very disappointing & misleading since the "all housholds" line has been heavily marketed but the logistics of the system have not taken into account the circumstances of a variety of households. Anyway sorry about the long comment and thanks again for the video 😀

[elaibesummers]

Great video guys, very informative. The rising cost of living for me means yes will and have to be more mindful with energy usage as well as being more mindful not to waste food. We will see where this £400 does for me as I am a person who hates the cold. I am a believer and put my trust in God and live by faith. I have been blessed that something always turns up for me.

[razkhan]

Yes it hard to save up money due to cost for living have receive universal credit £200 and £326 cost for living which okay it's on off payment

[Rutbakhan_dailyvlogs]

Hi I top up my electricity and gas do I get this grant and when

[a.w]

Hi, how about customers who are on pre payed meter on both gas and electricity?

[bobsmudger]

The algorithm gods favour you 😁 great chan thanks, have a sub 👍

[a.acquah]

Energy bill- how does this take into account renters/those renting?

[DoItWithPaulie]

I live on a boat and I am poor, where’s my help

[pushbikecam]

Do you have to pay it back to the government?

[hotcakes]

I don’t no if covid was a knightmare or the cost of living
£400 just does not cut it …I don’t no why we ..as public are not making more noise about it
I think we all should be out side Downing Street, or sign up petition, or something else it’s not just electric and gas
Petrol
Milk
Bread
The list goes on …. We all talking about it amongst us ..and everyone is frustrated…. something serious needs to be done ….
But never the less thank u making this video I’m sure it’s helping loads of ppl

[flosmith]

Going to use the £400 to buy a portable energy generator (in case of blackouts).

[mrhudson]

Surely this cant be good for the taxpayer