Current Affairs

Energy bills to be capped at £2,500 a year from October

The policy builds on the £400 payment to households set out by former chancellor Rishi Sunak earlier this year, while an additional six-month scheme for businesses, schools and hospitals will provide equivalent support over the winter

Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for their gas and electricity bills from the start of this coming October.  

The news comes as her first major policy announcement, and according to Sky News, the new price guarantee will last for two years in order to save the average UK household £1,000 a year in bills.

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