Chancellor Healey confirms gas standing charges to be axed next year; Treasury says 60% of households save £45

Chancellor John Healey has confirmed gas standing charges will be abolished next year, with the Treasury saying 60 per cent of households should save around £45 a year. The government also extended a VAT cut on electricity bills to next July and will pay £100 energy payments to 20 million households in a £2.6bn scheme, while charities warn some could end up paying more.

Detected & updated continuously · Source: Nebula