Jeremy Hunt expected to use autumn statement to announce rise in household energy price cap to as much as £3,100

Millions of UK households will pay more for their energy from next April under plans to cut the generosity of the government’s gas and electricity support scheme expected to be announced by Jeremy Hunt on Thursday.

The chancellor is likely to use his autumn statement to say the need to save money and reduce state borrowing will require the household energy price cap to rise from £2,500 to an expected £3,000 to £3,100.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Young are less smart on pensions and investing due to lack of financial education

A stark generation gap in financial education has been revealed by new…

US warns of fresh threats at Kabul airport as evacuations enter final phase

The US told citizens to ‘immediately’ leave the airport amid reports around…

From big dog Johnson to ‘big grope’ Chris Pincher: another day in Westminster’s ‘normal’ workplace

Of course the PM and his allies backed their disgraced deputy chief…