UK households to receive disability cost-of-living payment

Image Source: KOSOL PHUNJUI, Shutterstock

Highlights

  • The government said that most UK households eligible to receive their disability cost of living payments would get them by the beginning of October.
  • The eligible households will start receiving their one-off disability benefit from today.
  • So far, from July, over eight million eligible households have received the first of their two £326 automatic cost-of-living payments.

Amid the spiralling cost-of-living crisis, the UK government has announced that by the start of October, it is expected that the majority of UK households who are eligible to receive their disability cost of living payments will get them.

The eligible households will start receiving their one-off disability benefit from today. The eligible six million families will be given a one-off £150 disability cost of living payment.

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Generally, higher costs are faced by people with disability for things like care mobility requirements. The people eligible for the one-off payment announced by the government include the people getting disability living allowance, attendance allowance, constant attendance allowance, armed forces independence payment, personal independence payment, the war pension mobility supplement, or the Scottish disability benefits.

While costs escalated, over eight million eligible households from 14 July got the first of their two £326 automatic cost-of-living payments.

As the living costs soar, UK investors may invest in the stock market after carefully analysing the companies they choose to go for. Let's look at the performance of a few blue-chip stocks based on their annual returns. 

Shell plc (LON: SHEL)

The global oil and gas producing firm's market cap stand at £165,978.51 million as of 20 September. On an annual basis, the energy firm's return stands at 57.73%. Meanwhile, its YTD (year-to-date) return as of Tuesday stands at 41.60%. With a positive EPS (earning per share) of 2.59, the company's annual dividend yield presently stands at 3.7%. Shell enjoys a low P/E ratio of 5.52. SHEL shares were trading at GBX 2,318.00, up by 0.94% on Tuesday as the market opened at 8:00 AM (GMT+1). 

BP plc (LON: BP.)

The FTSE 100-listed oil and gas supermajor shares, BP plc, stand at £84,616.75m as of 20 September. On an annual basis, the energy firm's return stands at 48.38%. Meanwhile, its YTD return as of Tuesday stands at 36.78%. With a positive EPS of 0.38, the company's annual dividend yield presently stands at 4.4%. BP. shares were trading at GBX 454.85, up by 0.62% on Tuesday as the market opened at 8:00 AM (GMT+1). 

HSBC Holdings Plc (LON: HSBA)

The market cap of the FTSE 100-listed British banking group stands at £105,750.73 million as of Tuesday. On an annual basis, the banking firm's return stands at 40.83%. Meanwhile, its YTD return as of 20 September stands at 18.04%. With a positive EPS of 0.62, the company's annual dividend yield presently stands at 4.6%. HSBC enjoys a low P/E ratio of 8.96. HSBA shares were trading at GBX 535.20, up by 1.06% on Tuesday as the market opened at 8:00 AM (GMT+1).


 

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