"I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all."
"From July to September, gas usage, especially by families and pensioners, is the lowest of any months of the year because it is the summer months."
"We're looking at ways in which we can support people based on their household income."
"I have to be careful with promises to lower prices for everyone because it risked pushing up inflation, interest rates and taxes in the future."
Government support for energy bills will be determined by household income, with assistance expected to begin in autumn. Wholesale oil and gas prices have surged due to disruptions in the Middle East. Although energy bills are projected to decrease from April to June, a significant increase is anticipated afterward. The chancellor emphasized targeting support to those in need, learning from past mistakes where wealthier households received disproportionate aid. Discussions on extending support beyond benefits recipients are ongoing, but no commitments on fuel duty or VAT cuts have been made.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]