Grant Shapps has indicated the Government would not bring back the energy price guarantee to shield Britons from another surge in gas and electricity prices this winter
Asked if the Government would reintroduce the guarantee, Mr Shapps said: “We don’t want to be in a position as a government of having to constantly pay energy bills, because the answer — we’re having to tax people in order to pay it back to people — [means] that money doesn’t come from nowhere.Currently, a typical household with average energy use pays £2,074 a year under the Ofgem price cap, which will run until September 3.
Elsewhere in the interview, Mr Shapps defended the Government’s decision to issue 100 oil and gas licences for the North Sea despite its ambitions to hit net-zero carbon emissions by 2050. The Energy Secretary said a reduction in taxes was coming “soon” but warned it would not be “instantaneous and overnight”.is not expected to fall close to its 2 per cent target until the second quarter of 2025 and Chancellor Jeremy Hunt cautioned the UK was stuck in a “low growth trap.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rosebank: MPs and peers urge Grant Shapps to block new oil fieldFifty MPs and peers from all major parties write to the energy secretary to demand a rethink.
Read more »
£4.2 million Shrewsbury North West Relief Road grant poised to be clawed backThe Marches Local Enterprise Partnership is poised to withdraw £4.2 million in funding from Shrewsbury's controversial and much-delayed North West Relief Road project.
Read more »
The Foxton Centre secures £2.2m grant to re-build youth services base in AvenhamThe proposed double height multi-use hall Pic: Studio John Bridge The Foxton Centre been awarded a transformational Youth Investment Fund grant of £2.2 mil
Read more »
Drivers blast 'unfair' Ulez scrappage scheme as they miss out on grant after buying clean cars'Most people have already sold their cars to deal with this problem' Motorists who bought clean cars to avoid paying London's Ulez charge for polluting vehicles have criticised City Hall's decision not to backdate a scrappage scheme
Read more »
Sophia Bush, husband Grant Hughes divorce one month after his romantic anniversary tribute: reportThe pair tied the knot in a fairy-tale wedding in June 2022.
Read more »
Ulez: Merton Council launches own £1m scrappage schemeMerton Council says the scheme will come into force in September, after Ulez is set to be expanded into outer London from 29 August.
Read more »