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Liverpool Echo
Liverpool Echo
Business
Lottie Gibbons

Warning to homeowners as energy bills help cut in Jeremy Hunt's mini-budget U-turn

Chancellor Jeremy Hunt has announced the energy support package will only last until April 2023, not two years as planned.

In an emergency statement, Mr Hunt confirmed he is ditching many of the measures in the mini-budget, including the planned cut to income tax. However, in a monumental change of policy, the Chancellor announced that help with energy bills for households will only last until April, with a review to find a "new approach" that will "cost the taxpayer significantly less".

He said: "The biggest single expense in the growth plan was the energy price guarantee. This is a landmark policy supporting millions of people through a difficult winter and today I want to confirm that the support we are providing between now and April next year will not change.

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