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What Jeremy Hunt’s U-turn on energy bills support means for you
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Jeremy Hunt has confirmed a widely trailed U-turn on his plan announced last autumn to make the government’s energy support for households less generous.
The Treasury has subsidised gas and electricity bills for every household through the energy price guarantee (EPG) since last October.
On Wednesday morning the Treasury revealed that support will continue at its current level for another three months. So what might that decision mean for you?That’s right.
Hunt’s widely anticipated U-turn means that typical bills will not increase by 20% next month, as had originally been planned.
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