Healey urged to offer energy support in budget as bills rise 4%
Summary
UK households face a 4% rise in energy bills starting Thursday, raising the average annual cost to £1,723. Chancellor John Healey is under pressure to provide new financial support in the upcoming budget as energy prices are expected to keep increasing due to global factors like the war in the Middle East.Key Facts
- Energy bills will rise by 4%, reaching about £1,723 per year for a typical home in Great Britain.
- The energy price cap, set by regulator Ofgem, is at its highest in three years.
- VAT on electricity bills was cut by Andy Burnham to save households about £45 annually from October 1.
- Diesel prices hit nearly £2 per litre, pushing up fuel and goods costs.
- The Treasury plans a budget on October 28 focused on fiscal discipline amid global economic challenges.
- Campaigners urge the government to provide universal and targeted energy support to help vulnerable households.
- Energy prices are expected to rise further by 16% in January, reaching about £1,999 for average dual-fuel bills.
- The government is also under pressure to extend VAT relief and adjust charges that fund clean energy projects.
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