UK Chancellor Rules Out Universal Energy Bill Support, Eyes Targeted Aid

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UK Chancellor Rachel Reeves has ruled out universal support for energy bills, instead opting for targeted aid to the poorest households. She criticized the previous government's support package as unaffordable and irresponsible.

UK Chancellor Rachel Reeves has announced that the government will not provide universal support to deal with potential future rises in energy bills. Instead, any government assistance will be targeted towards those who need it most.

Reeves criticized the support package offered by the previous government under Liz Truss as unaffordable and irresponsible, stating that it benefited the wealthiest households and led to high levels of national debt.

The chancellor emphasized that any future support will be provided within the government's fiscal rules to keep inflation and interest rates low. The government is currently focusing on longer-term measures to reduce energy bills for all households.

Reeves also mentioned that she will review the planned fuel duty rise in September, but did not commit to delaying or postponing it. She will hold meetings with supermarkets and banks to discuss how they can support their customers and ensure that the Competition and Markets Authority has the necessary powers to detect and prevent price gouging.

The chancellor's announcement comes amid speculation about the government's response to the energy crisis and its impact on households.