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The UK may offer several billion more package against high energy bills

by John Pierce
July 3, 2023
in Business
2 min read
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The UK could offer billions of pounds more package to help shield Families from further jump in Energy bills that’s later year Then latest budget was criticized for It doesn’t go far enough, the Sunday Times reported.

Finance Minister Rishi Sunak announced a package of State-backed loans for energy providers and discount on local taxes in February to help Softening blow from a height of 54% in Energy prices that come force in April.

For the average family, prices will rise to £1,971 ($2,600) year in April, same month as taxes risebut with global Gas prices continue to rise, analysts said that regulatory price The cap can increase by another 30%.

The Sunday Times office said of Prime Minister Boris Johnson and Sunak have hinted that the state will do so step in to cover up to half of no increase in energy costs.

“we’ve got already I looked at this and concluded that the council tax is best way The newspaper quoted a source in The Ministry of Finance said, referring to a local tax paid by families.

“You have a mechanism in place. You don’t do that need to set up As a whole new system. It would make sense to do so like who – which again. “

the sun on Sunday also Sunak said he was trying to do it more.

“me know people “We are very concerned about having their needs met. While we can’t fully do this,” Sunak was quoted as saying by the newspaper shield everyone from global challenges We face we can and we will, help Do you deal? with these rising costs.”

British Education Minister Nadim Al-Zahawi said on Sunday government Will continue to keep an eye on costs but noticed that it was presented financial support throughout the epidemic.

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