Millions start getting £326 cost-of-living payment

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Millions start getting £326 cost-of-living payment
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From today, millions of families will start to receive the first cost-of-living payment.

Direct payments to help with the soaring cost of living are starting to be paid by the government into eight million people's accounts.

"All eligible households will automatically receive the first instalment, and no one needs to worry they will miss out. "It is a vital step in the right direction for those on lower incomes, but it is a small step back from the precipice after millions of people have edged ever-closer over the past few months," said Sarah Coles, senior personal finance analyst at financial services company Hargreaves Lansdown.

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