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Date: 2024-04-25 05:22:30 | Author: LeBron James | Views: 52339 |
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The cost of living crisis remains acute but there was some good news for consumers in Jeremy Hunt’s Budget on 15 March, with the chancellor announcing that the energy price guarantee (EPG) – introduced by Liz Truss last September to ensure households paid no more than £2,500 for their electricity and gas, with the government subsidising the remainder permitted by Ofgem’s energy price cap – would be extended for a further three months.Mr Hunt had been tempted to increase the EPG to £3,000 from 1 April, a considerably less generous offer that would have eased the burden on the state, but ultimately thought better of it.“High energy bills are one of the biggest worries for families, which is why we’re maintaining the energy price guarantee at its current level,” the chancellor told parliament.“With energy bills set to fall from July onwards, this temporary change will bridge the gap and ease the pressure on families, while also helping to lower inflation too.” Promo
As spring finally arrives in the UK after a long and difficult winter, the strain on household finances from exorbitant energy bills should begin to ease in the weeks to come Freerolls
The cost of living crisis remains acute but there was some good news for consumers in Jeremy Hunt’s Budget on 15 March, with the chancellor announcing that the energy price guarantee (EPG) – introduced by Liz Truss last September to ensure households paid no more than £2,500 for their electricity and gas, with the government subsidising the remainder permitted by Ofgem’s energy price cap – would be extended for a further three months.Mr Hunt had been tempted to increase the EPG to £3,000 from 1 April, a considerably less generous offer that would have eased the burden on the state, but ultimately thought better of it.“High energy bills are one of the biggest worries for families, which is why we’re maintaining the energy price guarantee at its current level,” the chancellor told parliament.“With energy bills set to fall from July onwards, this temporary change will bridge the gap and ease the pressure on families, while also helping to lower inflation too.” Mafabet
As spring finally arrives in the UK after a long and difficult winter, the strain on household finances from exorbitant energy bills should begin to ease in the weeks to come Bet88