Brits across the country will be hit by significant changes in the coming months - here are the dates to watch out for
A number of significant financial changes are set to take place in the second half of 2024. While some people will be receiving a wave of cost of living support, including Winter Fuel Payments, benefits, and the Household Support Fund some other changes will take place that could place more pressure on your wallet.
The state pension boasts a "triple lock" safeguard, ensuring the payout rises each April. This is by the highest of either wage growth, inflation or 2.5 per cent. New energy price cap - October 1 Kicking off the start of the Autumn/Winter period will be the new energy price cap which will see households pay more on average for their energy bills. Ofgem confirmed that the typical dual-fuel household that pays through Direct Debit will see their bills increase by £149 a year - a 10 per cent increase.
New inflation figures - October 16 The Office for National Statistics will release the new Consumer Prices Index figures for August. Many banks and businesses use CPI figures as a baseline measure to monitor the health of the economy and average price of goods.
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