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Contingency tax on oil and gas companies finance advertising brochures on electricity bills | News

Rishi Sunak will announce plans tomorrow at give every household in UK hundreds of pounds off your electricity bills help with in cost of life crisis.

The chancellor will refuse plans for “rebate and refund scheme” that would give people £200 discount on their electricity bills from October.

Energy companies would pay back money in the form of higher accounts over in next five years, which drew criticism that the measure was effectively a loan.

Sunak will instead convert the loan into a grant for distribution among energy companies, with no requirements for people pay money back.

Two government sources say the cost of the discount can be increased up to £400, which

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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