Households expected to be hit by massive bills in spring after 250% rise in gas prices since January
Instant bill increases for millions of customers will be held back by maintaining the energy price cap, the business secretary has said, as he resists a hike to help suppliers.
Kwasi Kwarteng said keeping the cap in place this winter was “non-negotiable for me” after some firms lobbied for an increase to prevent collapses due to the energy crisis. He did not set out any additional support for struggling businesses after bosses and some Tory MPs called for help to prevent them going under as the wholesale prices they pay for energy soar.