"Tens of millions of pounds will be set aside to support the poorest households with spiralling energy bills, Sir Keir Starmer will announce, as he attempts to ease the chaos triggered by the crisis in the Middle East. Vowing to support working people whatever challenges lie ahead, the prime minister will use a press conference on Monday to set out plans to assist those reliant on heating oil, which is not covered by the energy price cap."
"Energy secretary Ed Miliband said on Sunday that ministers will intervene over bills if necessary, insisting that the government is going to stand by people in this crisis. Fears of another cost of living crisis, similar to what happened in 2022 as a result of Russia's invasion of Ukraine, have been heightened by the price of oil rising more than 20 per cent to above $100 (76) a barrel, and gas by more than 50 per cent."
The UK government is implementing financial support measures to help vulnerable households cope with escalating energy costs triggered by Middle East tensions. Prime Minister Sir Keir Starmer announced plans to assist those dependent on heating oil, which falls outside the energy price cap. Energy Secretary Ed Miliband confirmed the government will intervene on bills if necessary. The crisis stems from oil prices rising over 20 percent above $100 per barrel and gas prices increasing more than 50 percent. The government is also considering scrapping a planned fuel-duty hike to provide additional relief. These measures aim to prevent another cost-of-living crisis similar to 2022.
#uk-energy-crisis #cost-of-living-support #government-intervention #middle-east-conflict-impact #household-energy-bills
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]