Summary

Rishi Sunak announces £650 payment to those on lowest incomes

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  • Chancellor Rishi Sunak is speaking in Parliament to announce his cost of living plan
  • An 'energy profits levy' has been announced - in other words, a windfall tax on the profits of oil and gas companies
  • Eight million households on the lowest incomes are to get a one-off payment of £650
  • Households to get £400 for energy bills as loan scheme scrapped
  • Eight million pensioners to get extra £300
  • One-off disability cost of living payment of £150

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