The government will extend the energy price guarantee for a further three months, the Treasury has confirmed.
It comes ahead of today's full budget, where Chancellor Jeremy Hunt will lay out the country's economic forecast for the coming year. Announcements on childcare reform, benefits reform and pensions allowances are all expected to form part of the Budget when Mr Hunt addresses MPs later today.
The guarantee - which ensures average annual household bills are capped at £2,500 - had been due to rise to £3,000 in April. This morning's announcement means the current cap will stay in place until mid-June, which the government says will save a typical household around £160.
