![]() ![]() "With energy bills set to fall from July onwards, this temporary change will bridge the gap and ease the pressure on families, while also helping to lower inflation too.” 12 new investment zones Mr Hunt said: “High energy bills are one of the biggest worries for families, which is why we’re maintaining the energy price guarantee at its current level. ![]() The Chancellor confirmed he will delay the bills hike for three months to June after intense pressure.Ĭonsumer champion Martin Lewis had warned 1.7 million more people could be tipped into fuel poverty if the Government failed to act. The Energy Price Guarantee was due to rise from £2,500 a year for a typical family to £3,000 in April. He continued: “I deliver that today by removing obstacles that stop businesses investing by tackling labour shortages that stop them recruiting by breaking down barriers that stop people working and by harnessing British ingenuity to make us a science and technology superpower.” We are following the plan and the plan is working. “They forecast we will meet the Prime Minister’s priorities to halve inflation, reduce debt and get the economy growing. Read more: Striking Stoke-on-Trent teachers tell BBC Breakfast of 60 hour weeks and paying for school equipment themselves Today the Office for Budget Responsibility forecast that because of changing international factors and the measures I take, the UK will not now enter a technical recession this year. He added: “We remain vigilant, and will not hesitate to take whatever steps are necessary for economic stability. Chancellor Jeremy Hunt began by telling MPs the British economy is “proving the doubters wrong” in the face of “enormous challenges”. The Budget takes place against a backdrop of strikes involving teachers, university lecturers, civil servants, junior doctors, London Underground drivers and BBC journalists. His announcements came in a bid to boost efforts to get people back to work, with a major expansion of childcare support set to form a key part of the package. Chancellor Jeremy Hunt this afternoon (March 15) unveiled a string of measures as part of what he described as a “ Budget for growth”. ![]()
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