"Contingency planning is taking place for every eventuality so we can keep costs down for everyone and provide support for those who need it most. The public should not expect support for everybody."
"The Treasury has calculated that the top 10% richest households, as users of the most amount of gas, got the biggest support, averaging 1,350."
The UK government is preparing to assist those most affected by rising energy bills linked to the US-Israel war with Iran. Chancellor Rachel Reeves indicated that contingency planning is underway, although the full economic impact remains uncertain. Energy bills are set to decrease temporarily under Ofgem's price cap, but significant increases are anticipated in the summer. The government aims to provide support while adhering to borrowing rules and maintaining low inflation. Unlike previous universal support measures, assistance will be limited to lower-income households, excluding the wealthiest.
Read at www.bbc.com
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