Watch again: Sunak pledges support as energy bills rocket in cost of living crisis
3 February 2022, 08:26 | Updated: 3 February 2022, 17:42
Chancellor Rishi Sunak holds major press conference amid cost of living crisis | Watch Live
Millions of households are facing soaring energy bills after Ofgem announced the energy price cap is to rise by hundreds of pounds.
The energy regulator announced the cap will rise by £693 to £1,971 per year - an increase of 54% - affecting households in England, Scotland and Wales from April 1.
Chancellor Rishi Sunak later pledged support to ease the pressure on families during a Downing Street press conference.
The Chancellor outlined three ways the Government will help - a £200 discounts on bills, a £150 council tax rebate for those with properties in bands A-D, and a discretionary fund of £150 million for local authorities to "help those lower income households who happen to live in higher council tax properties and households in bands A to D who are exempt from council tax".
Read more: Sunak set to offer help as millions brace for crippling '50% rise' in energy bills
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