 The Cold Weather Payments scheme is opening again from November 1 and will run until March. These are worth £25 for each seven-day period when the temperature falls below zero degrees. The money goes to people on low incomes who receive a qualifying benefit, such as Pension Credit or certain employment benefits. The types of benefits that could make you eligible for the funds, include: Pension Credit Income Support Income-based Jobseeker's Allowance Income-related Employment and Support Allowance Universal Credit Support for Mortgage Interest It is possible to receive multiple payments if you have several weeks of freezing weather. Cold Weather Payments should arrive automatically into your bank account within a fortnight, if you already have registered with the Department for Work and Pensions. November 3 - Bank of England interest rate hike? The Bank of England will meet on November 3 to decide whether to raise interest rates for the eight time in a row. The central bank increased its base rate on September 15 from 1.75% to){kind=link}
We round up ten financial changes you need to be aware of in November, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits
There are plenty of major money changes that will affect your wallet in November.
We’ve rounded up all the key things to be aware of, including the new date for the Autumn Statement by Chancellor Jeremy Hunt.
There are also changes to National Insurance coming next month, and further cost of living payments will be sent out.
Several energy schemes will open as well for the winter months – we explain everything you need to know and if you could be entitled to help.