Chancellor looking at cutting energy bills in budget
Rachel Reeves will tell Cabinet colleagues she is considering measures to reduce household energy bills as part of her budget response to rising inflation, expected to reach 4% when official figures are announced on Wednesday.
There is rampant speculation that the government might do something to bring down energy bills in the budget next week - but what could this look like, and will other taxes go up?
Households and businesses will have to wait for energy bills to fall significantly because "there's no shortcut" to bringing down prices, the energy minister has told Sky News.
A major component within household energy bills is set to rise sharply from next year to help pay for efforts to maintain energy security during the transition to green power.
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Chancellor looking at cutting energy bills in budget
