The Digester

Chancellor Rachel Reeves will brief MPs on the economic effects of the Middle East war and set out domestic measures on energy security, new nuclear, an anti profiteering framework, and principles for targeted household support if bills rise.

Chancellor Rachel Reeves will update MPs on the domestic economic impact of the Middle East war and set out how the government is responding.
The government will push on renewables and new nuclear, with nuclear legislation expected to be included in the King's Speech in May.
A new anti-profiteering framework could give the Competition and Markets Authority time limited powers to target firms proven to be exploiting price rises.
The energy price cap on gas and electricity is in place until the end of June, giving ministers time to design any further support.
Reeves will signal that universal household support is unlikely and any help would be targeted and limited by affordability.
Energy Secretary Ed Miliband said new North Sea licences would not change prices and that plug in solar panels will be sold in the UK later this year.

Reeves to set principles for who could get energy bill support

Articles