Rishi Sunak could announce a cut of £400 on energy bills for every home under a new cost of living support plan, according to reports.
The Chancellor is set to announce a new package of support today (Thursday) in the Commons, which is likely to include a discount on energy bills funded by windfall tax on oil and gas giants.
Sunak will scrap the previously announced £200 loan on energy bills and replace it with a grant that will not have to be paid back, The Times reported.
This discount could possibly increase to as much as £400. The announcement will come just one day after Sue Gray's highly anticipated Partygate report was published. READ MORE: Misery for millions as energy price cap to rise AGAIN by £800 to £2,800, Ofgem boss says Boris Johnson refused to resign despite accepting the 'bitter and painful' conclusions of the report that revealed details of partying in government.
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