7th Oct 2026 11:18
(Alliance News) - UK Chancellor John Healey plans to spend over GBP1 billion to help energy consumers, The Guardian reported Tuesday evening.
The major intervention, planned to be included in the UK government budget on October 28, is aimed at cutting energy bills for poorer households.
Most of the money is likely to go towards increasing the discount given to households on certain benefits, The Guardian said.
Pertinently however, final decisions have not been made, with Healey expected to fend off a call from Energy Secretary Miatta Fahnbulleh to spend billions more on removing levies from bills altogether.
Further, "energy officials" are working on more radical changes to bills which could be implemented after the budget. It would change how much companies could charge customers, rather than subsidising their bills.
By Tom Budszus, Alliance News slot editor
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