The former Conservative chancellor Jeremy Hunt has proposed a “social tariff” to help Britons cope with rising energy costs amid the Iran war, as a thinktank calculated that households will be nearly £500 worse off this year.
The Resolution Foundation said households faced rising costs from higher gas and electricity bills and at the petrol pump. The thinktank urged ministers to accelerate work on a social tariff before winter, when energy costs will hit hardest, to offer targeted support to lower-income households. It has estimated the cost at £3.7bn.
