Chancellor plans £1bn intervention for energy bill support

Summarised from 2 outlets · Updated 7 Oct, 08:48 · Archive

The Chancellor is considering spending more than £1bn to help households with rising energy bills.

The Chancellor is working on plans to spend more than £1bn to help poorer households with energy bills at this month's budget. Ministers have become concerned about forecasts showing bills rising by hundreds of pounds in January.

The bulk of the spending is likely to go towards increasing the discount given to households on certain benefits. The intervention aims to ease pressure on energy consumers as the government works to balance its finances.

How it is being reported

• Chancellor 'plans £1bn bailout' for soaring energy bills at Budget... but help will go to benefits claimantsJohn Healey has been scrambling for ways to ease the pressure on consumers on October 28, despite facing a battle to balance the Government's books.Daily Mail · 7 Oct, 08:32
• Chancellor plans major intervention to help poorer UK households with rising energy billsExclusive: Officials working on further radical changes that would change how much energy companies could charge customers John Healey is considering a major intervention to cut energy bills for poorer households at this month’s budget, after ministers became alarmed at forecasts which show bills rising by hundreds of pounds in January. The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. Continue reading...Guardian Business · 6 Oct, 20:27

In this story: John Healey · United Kingdom

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem