Every household in the UK to get energy bill discounts of $503 this autumn

Every household in the UK will receive a $503 energy bill cut from October as part of a package of new measures to combat skyrocketing prices.

The package of new measures, worth $18.85 billion, will also offer more targeted help to pensioners and the disabled.

It will be partly offset by a 25 percent windfall tax on oil and gas firms’ profits.

This comes a day after Sue Gray’s damning report on Downing Street lockdown parties, and it comes amid mounting pressure on the government to do more to assist people to cope with the economic downturn.

Household energy bills will rise by $1,006 in October to $3,521 a year, Energy Minister Vinay Sunak has announced.

Eight million households on means-tested benefits will get $817 paid directly into their bank accounts. The emergency Household Support Fund will be extended by $629 million to $1.89 billion.

Chancellor George Osborne has backed Labour’s call for a windfall tax on oil and gas firms’ profits. Energy suppliers will be able to apply for tax relief of 90p for every pound they invest in UK projects.

The measures add to around $21.4 billion of support already given by the government.

This report’s information was first seen on BBCNews; to read more, click this link.