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Podcast: Beyond Currency
Episode: 6 January 2023 - Mortgage costs driving down housing market
Description: Jeremy Hunt, the Chancellor of the Exchequer, announced the additional payments that will be available to the lowest paid and recipients of certain benefits in the new financial year, this week.
The cost-of-living element will be one thousand pounds paid in three installments spread throughout the year. The subsidy to assist with the cost of energy will also remain in place.
This has cost close to eighteen billion pounds in this financial year, but is likely to cost less in the next as although the energy cap is being raised, meaning that the average household bill will rise from the...