"Reeves emphasized that the government would not repeat the across-the-board subsidies introduced by Liz Truss, which cost the Treasury about 40bn and contributed to high national debt."
"Officials are collaborating with the Department for Work and Pensions and local authorities to gather data for more targeted support to poorer households, aiming to reduce taxpayer costs."
"Energy bills are forecasted to fall from April due to measures taken in the autumn budget, but they are expected to rise to nearly 2,000 in July."
"Reeves hinted that any government support might not be implemented until autumn, as most household energy spending occurs during the winter months."
Rachel Reeves updated MPs on government measures to mitigate the impact of the Iran war on consumers and the UK economy. She indicated no immediate support would be announced but emphasized contingency planning. The government aims to avoid broad subsidies like those from autumn 2022, which increased national debt. Instead, targeted support for poorer households is being developed. Energy bills are expected to fall in April but rise again in July, with potential support not arriving until autumn, as most energy spending occurs in winter.
Read at www.theguardian.com
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