Jeremy Hunt Kwasi Kwarteng Britain Beyond target Jeremy Hunt Kwasi Kwarteng Britain Beyond

Energy bills help to stop in April and NOT two years in major U-turn

Reading now: 376
manchestereveningnews.co.uk

Jeremy Hunt has announced that help with energy bills for households will only last until April next year. The newly-appointed Chancellor confirmed the decision during an economic statement on Monday (October 17).

Mr Hunt said there would be a review to look at a “new approach” to target support at those worst off after April. The Energy Price Guarantee, which was announced in Kwasi Kwarteng's mini-budget in September, set out to ensure that a typical household in Great Britain paid around £2,500 a year on their energy bill.

It was meant to last for the next two years, starting from October 2022. But during the emergency statement, the new Chancellor said: “The biggest single expense in the growth plan was the energy price guarantee. Read more:LIVE: Jeremy Hunt makes statement on government's plans amid U-turns and 'mini-budget' chaos - latest updates "This is a landmark policy supporting millions of people through a difficult winter ad today I want to confirm that the support we are providing between now and April next year will not change.

But beyond that, the Prime Minister and I have agreed it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices. "So I’m announcing today a Treasury-led review into how we support energy bills beyond April next year.

Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA