Households given update on energy cost of living payments

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Jeremy Hunt gives update on energy cost of living payments

"We always look at what else we can do, but we also have to be responsible with public finances."

He added: "At the same time as energy prices have come down, so too have our receipts from the windfall taxes. So we have to look at everything in the context of what is responsible for public finances, because if we don't, we'll just see interest rates go up and then everyone who has a mortgage up and down the country will face a different kind of cost."

Wholesale energy prices have tripled due to the war in Ukraine, causing the government to subsidise bills for households. But analysts now say wholesale prices are falling, which means that the average bill could hit £2,200 from July., which means that they might not fall at this point. As well as capping the average cost of energy for households, the government has paid for every UK household to have a £400 discount on bills - but this ends in March.

 

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It shouldn’t be needed until winter, so the money can be spent elsewhere

Probably only be giving help to those on benefits instead of everyone

No just send billions to Ukraine don’t bother about people here….

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