Jeremy Hunt plans to cut Government subsidies and allow average yearly bills of £3,000

Millions of households face a double whammy of a £900 average rise in their energy bills next year along with possible increases in council tax under plans to be unveiled in this week’s Budget.

Whitehall sources told the Daily Mail that Chancellor Jeremy Hunt is poised to slash Government subsidies and allow average annual bills to reach £3,000 from April.

The new level is £500 above the current £2,500 energy price ‘guarantee’ set out by Liz Truss, which was originally supposed to last for two years, and almost treble the £1,042 average in April 2020. 

Sources told the Mail that a £400 one-off payment reducing bills for all households this winter will not be repeated, leaving millions facing an average rise of £900 in total – an extra £75 per month.

Mr Hunt, who dubbed himself ‘Scrooge’ yesterday, said universal support would continue to help families next year but added ‘there has to be some constraint’ before warning that ‘sacrifices’ were required across the board to get…

More

Leave a Reply

Your email address will not be published.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

Jeremy Hunt plans to cut Government subsidies and allow average yearly bills of £3,000

 

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.