Jeremy Hunt has announced that help with energy bills for households will only last until April next year. The newly-appointed Chancellor confirmed the decision during an economic statement on Monday (October 17).
Mr Hunt said there would be a review to look at a “new approach” to target support at those worst off after April. The Energy Price Guarantee, which was announced in Kwasi Kwarteng's mini-budget in September, set out to ensure that a typical household in Great Britain paid around £2,500 a year on their energy bill.
It was meant to last for the next two years, starting from October 2022. But during the emergency statement, the new Chancellor said: “The biggest single expense in the growth plan was the energy price guarantee.
