Cost of keeping Britons out of energy poverty revealed
Samizdat | August 15, 2022
The UK government will need to spend a further £12 billion ($14.5 billion) on a support package for households to keep pace with higher-than-expected energy prices, the Institute for Fiscal Studies (IFS) said in a report on Monday.
According to the research, the money is required if the government still wants to provide the same level of aid it set out this spring.
In May, former UK Chancellor Rishi Sunak announced that the government’s aim was to make up for half of the cost of energy price increases to households. The effect of that support has shrunk as energy costs continue to soar. In May, energy prices were expected to rise by 95% in 2022-23, but are now expected to rise by 141%, according to the report.
The IFS said the cost of living is now expected to be 11.3% higher this financial year than last, with inflation peaking in the last quarter of 2022 at 13.1%.
The think tank warned that the poorest households will experience inflation of an “eye-watering” 18% in October due to energy price growth, compared to 11% for the richest households.
“The government is still playing catch up as inflation and the cost of energy continue to spiral upwards,” IFS Director Paul Johnson said. “Just achieving what they wanted to achieve back in May will cost an additional £12 billion, and a package on that scale will still leave many households much worse off.”
1 Comment »
Leave a Reply
Featured Video
My would-be assassins are still in office – former Pakistani PM
or go to
Aletho News Archives – Video-Images
From the Archives
Nine Covid Facts: A Pandemic of Fearmongering and Ignorance
By Jeff Harris | Ron Paul Institute | October 28, 2020
Ever since the alleged pandemic erupted this past March the mainstream media has spewed a non-stop stream of misinformation that appears to be laser focused on generating maximum fear among the citizenry. But the facts and the science simply don’t support the grave picture painted of a deadly virus sweeping the land.
Yes we do have a pandemic, but it’ a pandemic of ginned up pseudo-science masquerading as unbiased fact. Here are nine facts backed up with data, in many cases from the CDC itself that paints a very different picture from the fear and dread being relentlessly drummed into the brains of unsuspecting citizens. … continue
Blog Roll
Recent Comments
Aletho News- Xi’s ‘Chilling’ Remarks: A Multipolar World Offers Challenges and Opportunities to the Middle East and Africa March 26, 2023
- US is stirring up the Syrian cauldron March 26, 2023
- Will Pakistan Support A US Mercenary’s Plot To Recruit Afghan Refugees As Fighters For Kiev? March 26, 2023
- No, We Don’t Need More Nuclear Weapons March 26, 2023
- The Cult of the Climate Apocalypse March 26, 2023
- The Cell Phone Is a Pair of Red High Heels March 26, 2023
- Climate-Neutral Already By 2030?… Berliners To Vote On Climate-Neutrality Referendum Today! March 26, 2023
- Guardian Pushes Alarmist Claim That Climate Change Threatens Coffee Production as Yields Soar March 26, 2023
- My would-be assassins are still in office – former Pakistani PM March 26, 2023
- Twenty Times the CDC Exaggerated the Threat From Covid With False Data March 26, 2023
- Russia Foreign Ministry calls for prosecuting Israelis responsible for Church of Gethsemane attack March 25, 2023
- Putin: West’s Weapons Supply to Ukraine Won’t Be Enough to Outgun Russia March 25, 2023
- Fake News Alert: Chinese “Patriots” Don’t Want To Retake Russia’s Far East March 25, 2023
- Zelensky Admitted That Ukraine Already Ran Out Of Ammo March 25, 2023
- Hungary comments on Ukraine’s NATO and EU bids March 25, 2023
- ‘Bring Our Troops Home’: Matt Gaetz, Rand Paul Repeat Call for Syria Pullout Amid New Attacks March 25, 2023
- TOP GERMAN HEALTH OFFICIAL LAUTERBACH FOLDS ON VACCINE INJURIES March 25, 2023
- Hospital admissions double – and it’s got to be down to the vaccines March 25, 2023
- If Americans Knew
- Brownstone Institute
- My Testimony on Texas State Senate HHS Bills March 26, 2023
- FDA Is Wrong Again: Mailed Abortion Drugs are Not Safe March 25, 2023
- The DOD Plays Hardball with Covid Vaccinations March 24, 2023
- Madness in the Law Schools March 24, 2023
- How They Convinced Trump to Lock Down March 23, 2023
- The Lab Leak and the Counter Measures: What Really Happened March 23, 2023
- Richie Allen
- Bordeaux Town Hall Burnt Down By Pension Reform Protesters March 24, 2023
- Scottish Schools Tell Kids There Are THREE Biological Sexes March 24, 2023
- Greta Thunberg To Sue Sweden For Climate Change Inaction March 23, 2023
- USA Today Names BLOKE In WOMEN Of The Year List March 23, 2023
- Not A Lot Of People Know That
- Climate Change Is “Bigger Existential Threat Than Nuclear War” , Says Nutty Sustainability Advisor March 26, 2023
- Will Offshore Wind Lower Energy Bills? March 25, 2023
- Germany Rebels Against EU Ban On Petrol Cars March 24, 2023
- Dutch farmers on collision course with Brussels over compulsory farm buyouts March 24, 2023
- No Tricks Zone
- Consent Factory
- The Censorship Industrial Complex March 10, 2023
Aletho News 
This must be one the greatest circus performances ever by Rishi Sunak – destroying the country on one hand, and handing out money to stop its destruction on the other. And he wants to be Prime Minister?
LikeLike