The Chancellor’s latest round of government support — to be partly paid for by a windfall tax on oil and gas giants — will hand all households a £400 grant to help pay their soaring energy bills
Despite resisting calls to act sooner, ministers insist the Chancellor was waiting for clarity on how energy bills might rise in the autumn before deciding how to help ease the squeeze on household budgets, which have also been hit by rising food prices and an increase in mortgage payments as the Bank of England puts up interest rates.
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