Fantastic news just in that the Government will be stepping up to help families with pressures on the cost of living – including energy bills.
Inflation and increased demand for energy are making household finances a real struggle as we move into the Spring, so the Chancellor Rishi Sunak has announced:
A £200 ‘smoothing’ rebate on energy bills for all households, to be paid back over the next five years at £40 per year – starting from April 2023.
A non-repayable £150 cash rebate for homes in Council Tax bands A-D – equivalent to 80 per cent of all households, helping both lower and middle-income families.
£144 million of discretionary funding for local authorities to support households not eligible for the council tax rebate
Continuing with plans to increase the Warm Homes Discount and extend eligibility by one-third to 3 million vulnerable households (worth £150).
This is on top of measures already in place, such as: reducing the Universal Credit taper rate, increasing the National Living Wage, freezing fuel duty for the twelfth year in a row.
The Government have listened to people’s concerns and I’m grateful for the support my constituents in West Bromwich East will be receiving with this announcement.
See a Twitter explainer video from the Chancellor here.