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Edinburgh Live
Edinburgh Live
National
Abbie Meehan

New update on energy bills shows that UK plans to borrow billions to cut costs

Liz Truss United Kingdom

A plan set out by new Prime Minister Liz Truss aims to borrow billions in order to limit the expected increase in energy bills for millions across the UK.

As reported by the BBC, a typical household's gas and electricity bill is now set to rise from £1,971 to a whopping £3,549 in October 2022. The UK Government is now understood to be planning to pay energy firms in borrowed money to subsidise bills, so customers will not be expected to repay the support.

READ MORE - Exact time Edinburgh thunderstorms are set to hit the capital this week

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