Reeves Weighs Targeted Energy Support as Oil Prices Surge
Rachel Reeves
Photographer: Alberto Pezzali/AFP/Getty Images
The UK government is preparing targeted support to help lower-income households with soaring energy bills as oil prices, fueled by the Iran war, exceed $100 a barrel.
The Treasury is considering several options to help the most vulnerable cope with rising gas and electricity prices when the current energy price cap ends in June, Chancellor of the Exchequer Rachel Reeves told the Times in an interview.