A new Government plan to help people during the cost-of-living crisis is reportedly due to be unveiled the day after Sue Gray’s report is published. Chancellor Rishi Sunak is widely reported to be meeting with Prime Minister Boris Johnson on Wednesday to “sign off” on their “multibillion-pound” plan, with Thursday being the suggested date for an announcement.
Government sources told the PA news agency that no decisions have been made yet and the timing is yet to be confirmed.
It comes after Ofgem chief executive Jonathan Brearley told MPs the regulator is expecting the energy price cap to increase by a further £830 to £2,800 in October. He said this was due to the market coping with “once-in-a-generation” price changes “not seen since the oil crisis of the 1970s”.
