Add news
March 2010April 2010May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023
News Every Day |

Christmas comes early – 11 major money changes coming before December 25

Man does online shopping for Christmas
It’s never too soon for a Santa hat (Credits: Getty Images)

Too soon to mention Christmas? While the last gasps of the heatwave may make the festive season feel a million miles away, it’ll be here in three months time – and getting your finances in order now can help a lot.

Money has been a real struggle for many this year, with high energy costs, eye-wateringly high inflation and food prices rocketing – let alone coping with rents and mortgages.

So with several major money changes coming between now and Christmas, as the cost of living crisis continues, keeping abreast of them can make a huge difference when managing a budget.

Let’s take a look at the money changes expected between September and December.

Major money changes before Christmas

Second cost of living payment

raft of new Cost of Living Payments are due over the course of 2023/24, with the first having been rolled out earlier this year.

British pound banknotes
The second cost of living payment is coming this autumn (Picture: Getty Images)

The second payment, of £300, is expected in ‘the autumn’ – likely to be October or November.

There’s no need to apply – you may qualify if you’re on any of the following benefits on certain dates – and the benefit should be paid directly in to your bank account:

  • income-based Jobseeker’s Allowance (JSA)
  • income-related Employment and Support Allowance (ESA)
  • Income Support
  • Pension Credit
  • Universal Credit
  • Child Tax Credit
  • Working Tax Credit

Inflation figures

The Office for National Statistics will release the next inflation rate on September 20 – and shows how much a selection of goods and services that make up a ‘basket’compare to their prices from 12 months ago.

A shopper walking through the aisle of a supermarket
Inflation has sent food costs soaring (Picture: Yui Mok/PA Wire)

Although the figures are a look back at the prevous month, they have an impact on interest rates – and the September figure also affects next Spring’s benefit uprating.

There will be further announcements on October 18, November 15 and December 20.

Interest rates

Anyone with a mortgage will know how devastating a hike in interest rates can be.

The Bank of England
The Bank of England sets the interest rate (Picture: REUTERS)

The next announcement on the Bank of England base rate will be on September 21 – and it affects everything from loan interest to mortgage repayments.

At the beginning of August, The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base interest rate to 5.25% – its highest level since 2008.

While that’s good news for savers, it’s tough for those with debts.

This will be followed by further announcements on November 2 and December 14.

Energy price cap

The energy price cap – which has a direct effect on how much everyone pays for their energy – dropped from £3,280 to £2,074 on July 1 and will drop again from October 1.

The new price cap will run from October 1 to December 31 and be £1,923 for a direct debit customer.

Smart meter
Energy bills are finally falling (Picture: TOLGA AKMEN/AFP via Getty Images)

This also stands at £1,949 for those on prepayment meters, £2,052 for standard credit tariffs, and £1,298 for Economy 7 (electricity-only Direct Debit).

So you’ll pay less for the same amount of energy.

It’s important to take a meter reading around October 1 so you are charged for what you use.

Warm Home Discount

The government’s Warm Home Discount Scheme will reopen in October.

Woman keeping hands warm
Warming hands (Picture: Getty Images)

It is a one-off discount on electricity bills – last year it was worth £150.

In England and Wales, you qualify if you either:

  • Get the Guarantee Credit element of Pension Credit
  • Gre on a low income and have high energy costs

In Scotland you qualify if you either:

  • Get the Guarantee Credit element of Pension Credit
  • Are on a low income and meet your energy supplier’s criteria for the scheme
What financial changes do you think will impact you the most before Christmas?Comment Now

Cold weather payment

The Cold Weather Payment scheme reopens in England and Wales on November 1 and those eligible will get £25 for each 7 day period of very cold weather between 1 November and 31 March.

You are likely eligible if you get one of the following:

  • Pension Credit
  • Income Support
  • income-based Jobseeker’s Allowance
  • income-related Employment and Support Allowance
  • Universal Credit
  • Support for Mortgage Interest

Scotland offers a Winter Heating Payment of £50 which should be made automatically to those on eligible benefits.

Stamp price rise

If you’re sending Christmas cards, the advice is to stock up on stamps now as the cost is to soar from October 2.

It comes just months after the introduction of a barcode rendered everbody’s old, non-barcoded stamps, unusable.

The price of a first-class stamp will be rising by 14% for a standard letter – the second increase this year following the price hike in April from 95p to £1.10.

This will push the cost up from £1.10 to £1.25.

DWP Christmas Bonus

Parents show their child the christmas lights on christmas tree in city centre.
Every penny helps at Christmas (Picture: Getty Images)

The Christmas Bonus is a one-off tax-free £10 payment made before Christmas, to people on certain benefits in the qualifying week. This is normally the first full week of December.

It’s paid automatically.

Disney Plus price hike

Disney Plus has traditionally only had one plan – at £7.99 a month.

From November 1, everyone will be put on the Premium ad-free offering, which costs £10.99 a month (£109.90 for the year) unless you choose something else.

Disney+ start screen on tv.
Disney Plus is changing it’s price plan (Picture: Getty Images)

You can choose to stay on the Standard ad-free package still costs £7.99 a month (£79.90) but it will remove options such as 4K streaming and the ability to stream on four devices at once.

There will also be a Standard package with ads – which will cost £4.99 a month (there is no annual payment option). This allows HD streaming over two devices at the same time but no downloads or 4K UHD quality.

Amazon Prime same day deliveries

From September 18, Amazon Prime members will have to pay £1.99 for same day deliveries worth less than £20.

Amazon prime big huge box delivered to a front door of residential building.
Same day deliveries under £20 will cost more (Picture: Getty Images)

You can avoid it by selecting next day delivery or ordering more than £20 worth of goods at once.

Bus fare cap ends

In May, the £2 cap on bus fares (not including London, Greater Manchester, Merseyside or West Yorkshire, as they are already capped) was extended by the government to help in the cost of living crisis.

From October 31, this will increase to £2.50 and this new cap will last until November 2024.

MORE : Goodbye, summer splurging: TikToker shares her rules for ‘no spend September’

MORE : Swapping mortgages for mooring fees: Why houseboats are a cheaper way of life right now

Follow Metro across our social channels, on Facebook, Twitter and Instagram

Share your views in the comments below


Сергей Собянин рассказал об уникальной разработке московских инженеров

Top 10 Underrated Members Of The X-Men

All The Ways Mt. Everest Can Kill You WIRED

Natural Selection: Life's Way of Stayin' Alive: Crash Course Biology #13

Gluten-Free Crepes - Easy Refined Sugar-Free Almond Oat Crepes Recipe

Read also

Britney Spears strips down to a pink bikini and dances on stripper pole amid bitter divorce battle

I’m a former Man Utd manager but now I’m living a new life coaching kids football

BBN: Relationships unravel as show ends next week

News, articles, comments, with a minute-by-minute update, now on

News Every Day

3 Body Language Experts Spy On Dates & Guess How Long Couples Have Been Together WIRED — latest news 24/7. You can add your news instantly now — here

News Every Day

3 Body Language Experts Spy On Dates & Guess How Long Couples Have Been Together WIRED

Sports today

Новости тенниса

WTA «наказала» Елену Рыбакину

Спорт в России и мире

Реванш не состоялся. «Спартак» второй раз в сезоне обыграл «Динамо»

All sports news today

Sports in Russia today


«Зенит» и «Локомотив-Кубань» сыграют в финале Суперкубка Единой лиги ВТБ

Новости России

Game News

Playing Cyberpunk 2077 on a Radeon GPU? Don't use FSR, try XeSS instead


Путин собрал Совбез после протестов в Армении

Губернаторы России
Джонни Депп

Джонни Депп меняет профессию: как живет российский двойник голливудского актера

Объекты здравоохранения и 140 объектов образования построят за три года в Москве

В Москве до конца года перекроют одну полосу Дмитровского шоссе

Собянин: около 1 млн москвичей до 2032 года станут новоселами

Новая неделя принесет похолодание в Москву и Подмосковье

Даниил Крамер: «Человек, который нашёл своё призвание, счастлив»

Певица Катя Семенова назвала Лайму Вайкуле старой дурой

Shot: Кондитер и бывший жених Волочковой арестован по делу о мошенничестве

«Полная ерунда»: Градский любил поиграть на эмоциях Аллы Рид

Александрова проиграла Доулхайд на турнире WTA в Гвадалахаре

WTA «наказала» Елену Рыбакину

Австралийская теннисистка Савилл: чувствую, Шарапова вернется на корт

Александрова не смогла пробиться в 1/4 финала турнира WTA 1000

Переменная облачность и до 25°C тепла ожидаются в Москве 24 сентября

PR Агентство в Москве

Врачи перинатального центра в Подмосковье научились спасать зрение недоношенных детей

Синоптик Леус: в Москве в субботу ожидается до +25°C

«Всех забираем в следующий век»: Театр Сатиры поделился планами на 100-й сезон

Продвижение Актера. Продвижение актера в кино. Пиар Актера.

«Зенит» обыграл «Бешикташ» и вышел в полуфинал Суперкубка Единой лиги ВТБ

Гол Бонгонды принес "Спартаку" победу над "Динамо" в матче девятого тура РПЛ

Услуга оповещения о питании в сервисе «Москвенок» стала доступна по умолчанию

Паралимпиец рассказал, как ему дважды сломали коляску при перелете

В ночь на 25 сентября Московский регион накроют ливни

Певица Лада Дэнс посетовала, что устроивший ДТП водитель не принес извинений

Путин в России и мире

Персональные новости
Сергей Рахманинов

Проект "Мой Рахманинов" будет представлен в Якутске

News Every Day

All The Ways Mt. Everest Can Kill You WIRED

Friends of Today24

Музыкальные новости

Персональные новости