RISHI Sunak is to announce billions of pounds to help hard-to-reach families – as it emerged energy bills would increase by £800 this year.
Support package after chancellor and PM on verge of signing energy regulator offgame The “once in a generation” bill warned of a crisis.
No10 and No11 are expected to announce details tomorrow, with sources saying – weeks later – the plan will center around an unexpected tax on gas and electricity firms.
The council is likely to split the proceeds between tax cuts and changes to the Universal Credit, as well as relief for billers through investments in domestic nuclear and wind power generation.
It comes as offgame chief Jonathan Brearley warned yesterday that the energy price range was likely to reach £2,800 in October – up from £1,972 now. Before the last increase in April it was £1,277.
He told lawmakers: “The price change is a once-in-a-generation phenomenon that hasn’t been seen since the 1970s.”
request to Mr. sunki As for the steps to be taken, he said: “This is the only thing the government can address.”
Last night, the influential Sankalp Foundation think-tank said that one in ten households would plunge into poverty fueled by the spike.
Tory MP Steve Baker urged Mr Sunak to “cut taxes by any means”.
Fellow Tory Jake Berry said: “We need to act to help families who are already suffering.”
And Labor’s shadow chancellor Rachel Reeves said: “The government has got to hold onto this crisis and protect families and our economy.”