Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Energy Crisis - Government announce £150b package for bills to be capped at £2,500 for typical household The new UK Prime Minister, Liz Truss, has announced plans in the commons today to limit energy bill rises for all households for two years to help millions of people falling into hardship this winter. A typical household energy bill is to be capped at £2,500 annually until 2024. Businesses will receive support for six months. Watch videoversion on YouTube… https://youtu.be/0QN67xFYGN0 The huge support scheme could cost up to £150bn, although the total cost will depend on future wholesale fuel prices. The energy price cap - the maximum amount suppliers are allowed to charge households for every unit of energy - was due to leap to £3,549 in October, a move which would have caused widespread fuel poverty. Under the Liz Truss scheme, the government will compensate energy firms for the difference between the wholesale price for gas and electricity they pay and the amount they can charge customers. The governmen