"Reeves is expected to confirm that the government wants to give the Competition and Markets Authority new powers to deal with any potential profiteering by oil companies."
"She will confirm that the government wants to go further and faster to secure the next generation of nuclear power and to reclaim Britain's place as a leading nuclear nation."
"Reeves is also set to set out some ideas about how the government might help households with energy bills if it thinks this is needed when the current energy price cap runs out at the end of June."
"Mason says she will talk about the principles that will drive any further support to families if energy bills spiral in the coming months."
Rachel Reeves, the chancellor, will address MPs regarding the government's response to rising global energy prices linked to the Iran war. The Conservative government previously spent 40bn to support families and firms during the energy crisis following Russia's invasion of Ukraine. Reeves lacks similar funds now. She is expected to discuss empowering the Competition and Markets Authority against oil company profiteering, advancing nuclear power initiatives, and potential targeted support for households as the energy price cap approaches its end in June.
Read at www.theguardian.com
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