All households will receive a one-off £200 discount from their energy bills this year under a £9bn plan announced by Rishi Sunak to ease Britain’s cost-of-living crisis.
Four-fifths of the UK’s households will get additional support from an average £150 rebate on council tax bills for homes in bands A to D in a twin-track approach to limiting the pain from price rises in April.
Sunak set out his plans to MPs shortly after the energy regulator, Ofgem, announced it was lifting its price cap by more than 50% to just under £2,000 in response to soaring global wholesale gas prices.
Ofgem’s move will raise the average energy bill by about £700 a year and Sunak said that even after his support package most households would be worse off.
More details to follow …
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