The UK faces an ongoing Cost of Living crisis, but several schemes can help households manage their finances. The article outlines seven ways to increase income and stretch your budget in 2025, including the Household Support Fund and energy hardship schemes.
Seven Cost of Living payments set to arrive in 2025 could provide a significant financial relief for UK households. Amidst the ongoing Cost of Living crisis, numerous payments, freebies and discounts are on offer to help stretch your budget as we approach 2025.
Household Support Fund - up to £500 The Household Support Fund - offering up to £500, provides financial assistance to households in need and has been extended multiple times since its introduction by the previous Conservative Party government in 2021. Energy hardship schemes - up to £2,000 Energy hardship schemes are also available, offering up to £2,000. Several energy firms, including British Gas, Scottish Power and EDF, offer grants to customers facing difficulties in paying their bills. The British Gas Energy Trust , which includes the Scottish Gas Energy Trust, is an independent charitable trust funded solely by donations from British Gas.
If you're already getting a reduction on your council tax, you could be in line for an even bigger saving. The discounts vary, but there are cases where individuals have received refunds of over £1,000 through such schemes. Warm Home Discount - £150 Don't forget the Warm Home Discount, which can provide a £150 boost. The Warm Home Discount Scheme offers a one-off £150 discount on your electricity bill. If you qualify, the discount is applied directly to your bill by your electricity supplier and is not paid out to you.
COST OF LIVING UK FINANCE BUDGETING ENERGY BILLS GOVERNMENT SCHEMES
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