11 DWP payment and money changes that will affect your wallet in November

From Cold Weather Payments to the Chancellor's Autumn Statement and then a new Ofgem price cap announcement, November is set to be another hugely busy and important month for your personal finances.

You need to be claiming certain benefits or Support for Mortgage Interest to be eligible for a Cold Weather Payment. If you live in Scotland, you might be entitled to an annual £50 Winter Heating Payment instead. Interest rates - November 2 The Bank of England will announce whether interest rates will go up again on November 2. The central bank held its base rate at 5.25% on September 21 - giving relief to homeowners following fourteen rate hikes in a row.

However, there are fears companies may increase costs for customers to make up the extra charge. The surcharge will apply against: For those claiming HMRC Tax Credits only, they will be paid between November 10 and November 19. To get the payment, you need to be claiming one of the following benefits during the qualifying period:

Autumn Statement - November 22 Chancellor Jeremy Hunt will deliver his Autumn Statement on November 22. We don't know for sure what the package of measures he'll announce will include just yet, but reports claim he could extend the mortgage guarantee scheme by another year. Its old calculations were based on the average household using 2,900 kilowatt hour of electricity and 12,000 kWh of gas over 12 months. This has now been reduced to 2,700 kWh of electricity and 11,500 kWh of gas.

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