ENERGY CAP

£43BN ($50.67 bn) Will be spent for cushioning consumers from soaring electricity and natural gas costs in the fiscal year through April 2023. The following year, that support will be reduced to about £25 billion ($29.46 billion)

The cost of an average household energy bill will rise to 3,000 pounds ($3,539) a year from April after Hunt reined in his predecessor’s vast support package for gas and electricity bills