Energy bill help may be expected next year, says think tank

Energy bills: Government likely to face pressure to continue support, IFS says

May 26, 2022 by BBC

Key Facts

  • Although the support was broadly welcomed and described as a "genuinely big package" by the IFS, a think tank, its deputy director Carl Emmerson said: "If oil and gas prices remain high then the government will doubtless come under pressure to continue the additional household support for at least a further year."
  • The boss of the UK's energy regulator had warned that if the government had not announced further support for October, then up to 12 million people could have been placed into fuel poverty.
  • He said a "large, more targeted intervention is what was needed ahead of winter", and said the government needed to plan for energy prices to remain high for some time.
  • Mr Sunak announced the cost of support for energy bills will be partly offset by 25% windfall tax on oil and gas firms' profits, which have soared in recent months, largely due to the war in Ukraine.

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