Chancellor Nadhim Zahawi has said that 'nothing is off the table' when it comes to plans to tackle the energy crisis. However, he did seem to rule out freezing the energy cap claiming it would not deliver "targeted help".
Energy bills are expected to continue to rise, with the cap expected to hit £4,500 in January. The Treasury said it is “working up options” to support households as their finances come under further strain.
The Chancellor said doing so would allow the new Prime Minister to "hit the ground running" when they came into power. Rishi Sunak and Liz Truss are currently running for the top job.
