the typical household bill will go up by almost £700 a year after the energy regulator 0fgem increased its price cap in england, scotland and wales by 54%. that means typical households will end up paying around £2,000 a year for their gas and electricity. to help soften the blow, the chancellor has announced a package of measures including a £200 discount on bills, and a council tax rebate for some households. meanwhile, the bank of england has just raised interest rates again to 0.5 per cent. our first report is from our consumer affairs correspondent coletta smith. the energy price cap is going up again to nearly £2000 per yearfrom april. for donna, with three children and no increase in her income, it feels impossible. the thought that we have got to find that money is going to stress everyone out so much. we re going to have to stop paying
hello, this is bbc news. the headlines: the average household s yearly energy bill in england, wales and scotland will increase by £693 in april. the chancellor has unveiled measures to soften the blow, including a £200 discount on bills. president biden says the head of islamic state has been targeted during a a raid by us special forces in syria. the bank of england has raised interest rates for the second time in three months to try to curb a rapid rise in the cost of living. the increase to 0.5% from 0.25% comes as inflation is on course to hit a 30 year high. the bbc understands that northern ireland s first minister, paul givan, intends to resign later today as a protest against the existing checks on goods coming from the rest of the uk. the move comes after northern ireland s agriculture minister last night ordered a halt to checks.
over a longer period. mr speaker, without government intervention, the increase in the price cap would leave the average household having to find an extra £693. to do that, they have decided to give £150 council tax rebate in april for nearly all homes, which won t need to be repaid. from october, every household will also get a discount worth £200, but that will have to be paid back. it will be automatically taken off your bills over the next five years. local authorities will also get extra cash to give out to the most vulnerable. that still leaves £350 for most households to cover themselves. i ve spoken to so many people in the last few months who are already struggling and just won t have that extra cash. where is that hundred pound coming from? it s scary because you can t afford to live day by day as it is.
more for everybody on the living wage, and mr speaker, let mejust remind the house of the fundamental difference between that party and this government. they would have kept us in lockdown injuly, mr speaker, and when omicron it, they were calling forfurther were calling for further restrictions. that s right, mr speaker. we ve been able to keep this country moving and keep the economy growing and keep the money coming into people s pockets, mr speaker. mr coming into people s pockets, mr seaker. ~ .,~ coming into people s pockets, mr seaker. ~ speaker. mr speaker, i ll tell you what this prime speaker. mr speaker, i ll tell you what this prime minister - speaker. mr speaker, i ll tell you what this prime minister is - speaker. mr speaker, i ll tell you| what this prime minister is doing, is increasing taxes to the hard working people of this country. that s what he s doing, that s what he didn t promise in his manifesto but that s what he s doing to the people. and i quote, mr spe
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