News

Think tank calls for broad social tariff to avert ‘catastrophe’

All but one in 20 of the poorest half of households could be protected from this winter’s energy bill increase for just over 50% of the cost of the Labour Party’s proposed price cap freeze, a think tank has calculated. In a new report, published ahead of Ofgem’s price cap announcement on Friday (26 August), the Resolution Foundation warned the proposals for additional help outlined so far by the Conservative party leadership candidates and opposition parties "fall well short" of what is required to tackle what it described as a looming "catastrophe".

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