Those earning $74,000 will need energy bill support too, UK finance minister says

LONDON - Middle-income households will also need support with their energy bills this winter, Chancellor of the Exchequer Nadhim Zahawi said, as Britons face domestic power and gas bills this winter that will be almost triple last year's level.

Britain announced a £15 billion package of support in May, including £400 credits to all households and more for the poorest. Energy regulator Ofgem announced on Friday that the annual cap on domestic energy bills would rise to £3,549 in October, with analysts estimating further increases in 2023. The opposition Labour Party has said it would support a freeze in energy bills, a measure which Mr Zahawi did not rule out, saying that"nothing is off the table", according to The Telegraph.

It’s crazy to pay 4000 pounds for power bill per year. Unimaginable. That is 7000 sgd!

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