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New cost of living payments worth up to £1.1k to be announced this week
New cost of living payments worth up to £1.1k to be announced this week,Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are preparing a cost of living giveaway for the Autumn Statement set to take place on Thursday (November 17)

New cost of living payments worth up to £1.1k to be announced this week

A new cost of living payment is set to be announced later this week in the Autumn Statement.

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are said to discuss the money plans on Thursday (November 17).

The economic package is expected to include tax rises and government cuts, with a round of payments for Brits.

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It is believed the government is drawing up plans to repeat the £150, £300 and £650 payments for hard-up groups.

This would hand another £650 to 8.2million households, reports the Mirror.

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It comes as the cost of living crisis is crippling Brits (Image: Getty Images/Westend61)