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Sunak Set to Unveil Grants to Help Britons With Cost of Living

  • Grant program is worth as much as 500 million pounds
  • Britons face rising energy bills, inflation, lower benefits
Rishi Sunak
Rishi SunakPhotographer: Simon Dawson/Bloomberg

Chancellor of the Exchequer Rishi Sunak is set to announce a new program of grants to help Britons struggling with the cost of living amid a surge in energy prices and as the U.K. government phases out more generous coronavirus support.

The plan is worth as much as 500 million pounds ($672 million) and may be announced in coming days, according to a person familiar with the matter who requested anonymity discussing unannounced policy. It’s designed to help poorer households cope with the cost of living over the winter, the person said. The Treasury declined to comment.