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    Extra half a million pounds to help families in Milton Keynes through the cost-of-living crisis

    An extra £500,000 has been proposed to help families in Milton Keynes through the cost-of-living crisis.

    The Labour and Lib Dem Progressive Alliance which runs Milton Keynes City Council has unveiled its budget plans for 23/24 with extra funding to help residents in need this year.

    The City Council say the cash will provide a buffer so that the City Council can respond to future challenges and provide sufficient support. This could include further financial assistance for residents next winter, signposting to external support, or continuing current schemes.

    This comes as the Household Support Fund launched by Central Government is set to finish in March 2023. The City Council was allocated money to distribute to struggling households but hasn’t been told if this scheme will continue. 

    This extra funding forms part of a wider a multi-million-pound package to support people through the cost-of-living crisis including help with paying council tax, rent and energy bills.

    If the budget is approved, the City Council will also launch the £250,000 Homeowner Mortgage Interest Relief Fund to provide short-term support for those who face increased mortgage payments and are at risk of defaulting.

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