The Government is set to reveal new plans for a 'multi-billion' support package that will help families with the rising costs of food, fuel and energy. The package is reportedly due to be unveiled as soon as tomorrow (Thursday, May 26) - the day after Sue Gray's report into 'Partygate' is published.
Chancellor Rishi Sunak is expected to be meeting the Prime Minister Boris Johnson today (May 25) to finalise their major “multibillion-pound” intervention, but no decisions have been made and the timing is yet to be confirmed, government sourced have told PA news agency. Speaking earlier today, Environment Secretary George Eustice said Mr Sunak has a “very difficult path” to tread.
The news comes after Ofgem boss Jonathan Brearley warned Brits will face another eyewatering energy bill rise from October this year. The chief executive said the regulator is expecting the energy price cap to increase by a further £830 to £2,800. He told MPs this was due to the market coping with “once-in-a-generation” price changes “not seen since the oil crisis of the 1970s”.
