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Chancellor Targets Energy Support Amid Rising Costs

4/1/2026

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Story summary
  • Chancellor of the Exchequer Rachel Reeves said energy bill support will target household income amid price pressures from the Iran war.
  • Energy prices are expected to drop briefly, but a sizable rise is anticipated after June.
  • Reeves noted lessons from past rounds where wealthier households received disproportionate support.
  • She did not commit to immediate cuts in fuel duty or VAT, citing inflation.