Every household in the UK will receive a £400 discount on their energy bills as prices increase by more than £800 this autumn. Addressing the House of Commons today, Chancellor Rishi Sunak acknowledged the situation has worsened since he announced the energy bills discount earlier this year, which was effectively a £200 loan to be repaid over the course of five years.
He said that the loan had been scrapped and instead replaced by a grant, which means people won't have to pay the money back. It has now also been doubled from £200 to £400. Describing previous government plans to provide all households with £200, Mr Sunak said: “Since then the outlook for energy prices has changed, I’ve heard people’s concerns over the impact of these repayments on future bills, so I’ve decided that those repayments will be cancelled.”
Read more:
