In order to help you avoid any nasty surprises, we've compiled all the key dates and changes that could affect your personal finances
From Cold Weather Payments to the Chancellor's Autumn Statement and then a new Ofgem price cap announcement, November is set to be another hugely busy and important month for your personal finances.
You need to be claiming certain benefits or Support for Mortgage Interest to be eligible for a Cold Weather Payment. If you live in Scotland, you might be entitled to an annual £50 Winter Heating Payment instead. Interest rates - November 2 The Bank of England will announce whether interest rates will go up again on November 2. The central bank held its base rate at 5.25% on September 21 - giving relief to homeowners following fourteen rate hikes in a row.
However, there are fears companies may increase costs for customers to make up the extra charge. The surcharge will apply against: For those claiming HMRC Tax Credits only, they will be paid between November 10 and November 19. To get the payment, you need to be claiming one of the following benefits during the qualifying period:
Autumn Statement - November 22 Chancellor Jeremy Hunt will deliver his Autumn Statement on November 22. We don't know for sure what the package of measures he'll announce will include just yet, but reports claim he could extend the mortgage guarantee scheme by another year. Its old calculations were based on the average household using 2,900 kilowatt hour of electricity and 12,000 kWh of gas over 12 months. This has now been reduced to 2,700 kWh of electricity and 11,500 kWh of gas.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DWP payments and money changes in NovemberThe government is expected to announce a range of major economical decisions in November
Read more »
Warning of DWP £300 cost of living scams with 5 days until payoutsOfficials have highlighted that people should be careful of any texts and emails as eight million set to get payment
Read more »
DWP list the 23 medical conditions that could qualify for payment of £518Roughly 1.7 million current receive employment and support allowance in the UK
Read more »
New DWP plans extended to help more people on disability benefit find a jobA pilot scheme to explore barriers to work will be rolled out to 12 new areas.
Read more »
Older people urged to claim £3,500 annual Pension Credit as new applications dipAround 880,000 pensioner households are missing out on £2.1 billion in financial support from the DWP.
Read more »
Cost-of-living crisis: I stole to live after DWP sanctionGerry is speaking out about the reality of being left with no money during the cost-of-living crisis.
Read more »