Britain should pay more support to households in a way that does not deter investment, Prime Minister Steve Barkley said today in anticipation of the announcement of new measures to support households to cope with rising energy bills.
“As for paying that off, as we look at the balance between how much can be done through debt and how much through increased revenue, we need to do it so that investment is not deterred,” Barkley told Sky News.
Later today, British Finance Minister Richie Sunak will address in more detail the government’s response to the pressures facing households from rising living costs.
It is expected to include a 10 10 billion bailout package, said an energy industry source, which will be funded in part by a tax on unexpected profits of oil and gas companies.
Barkley noted that the government is determined to act after the energy regulators announced earlier this week that the ceiling for gas and electricity bills is expected to be raised by a further 40% in October.
SOURCE: AMPE
Source: Capital
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