Rishi Sunak could announce a cut of £400 on energy bills for every home under a new cost of living support plan, according to reports. The Chancellor is set to announce a new package of support today (Thursday) in the Commons, which is likely to include a discount on energy bills funded by windfall tax on oil and gas giants.
Sunak will scrap the previously announced £200 loan on energy bills and replace it with a grant that will not have to be paid back, The Times reported. This discount could possibly increase to as much as £400.
The announcement will come just one day after Sue Gray's highly anticipated Partygate report was published.
