UK Chancellor unveils energy support package: £100 payment, loan scheme, end to standing charges

UK Chancellor John Healey announced a household energy support package in his maiden budget, including a £100 one-off payment, low-carbon upgrade loans, and the abolition of standing charges. The measures aim to reduce energy costs in line with European levels, addressing immediate cost-of-living pressures while signaling a longer-term shift in how renewables and grid upgrades are funded. The package's impact on consumer bills and fiscal costs remains to be detailed.

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