Liz Truss’s government have unveiled plans to tackle spiraling energy costs, announcing a support package which will freeze bills for the average household at £2,500 a year.
Coverage in the Daily Mail included figures from a recent report from the Centre for Policy Studies which found that funding the freeze would cost £29billion a year if prices stay at the £3,549 level set by the latest price cap. However, this would increase to £81billion a year if prices rise to the £5,387 they are estimated to hit in January and could jump to a staggering £116billion if gas prices settle at the £6,616 they are forecast to hit next April.
Read the article here.
Date Added: Wednesday 7th September 2022