Prøve GULL - Gratis

REEVES' BUDGET TO HELP WITH COST OF LIVING

Daily Record

|

November 22, 2025

Average bill cap up to £1758 a year But there are hopes of a 5% VAT cut

- BY GRAHAM HISCOTT

HOPES are growing that Labour will help millions of struggling households with their energy bills in next week's Budget.

Regulator Ofgem yesterday confirmed its price cap for 34million energy accounts will rise again in January to an average £1758 a year, dashing forecasts of a much-needed drop.

But speculation is mounting Chancellor Rachel Reeves will ditch VAT on bills, saving a typical customer £84 a year.

The spiralling price of gas and electricity has compounded the cost-of-living misery for many.

But pressure is growing for Reeves to go further, with consumer champion Martin Lewis among those urging the Government to shift policy costs from bills on to general taxes instead.

Policy costs include things like renewables obligations, energy company obligation, Warm Home Discount, feed-in tariffs and the new Sizewell C nuclear power plant in Suffolk.

The MoneySavingExpert founder said: "We have to question why we lump all these policy costs on electricity bills - Warm Home Discount, debt forgiveness, renewables.

"It's these policy costs that are now the key driver of predicted future price rises and are making an ever bigger chunk of energy bills.

FLERE HISTORIER FRA Daily Record

Daily Record

MART GETS SNAPPY

O'Neill desperate for quality signings ASAP to help title bid He says Kyogo return is off and warns Cal going nowhere

time to read

3 mins

January 10, 2026

Daily Record

Strewth will set us free says Stokes

Ben will tell Ashes flops they need to get act together

time to read

1 mins

January 10, 2026

Daily Record

LOOK S-MART FOR SIGNINGS

FROM BACK PAGE

time to read

3 mins

January 10, 2026

Daily Record

NOW CAL'S ON THE MARCH FOR SPIDERS

CALLUM SMITH'S wife Millie had feared her husband would be hobbling down the aisle as he came to terms with an ACL rupture.

time to read

2 mins

January 10, 2026

Daily Record

Family and friends are heading down on minibus and will have a few drinks in them... you'll see them on the telly!

Scot Jack eyes giant-killing

time to read

3 mins

January 10, 2026

Daily Record

Booked and still hooked on the package holiday

T’S undeniable - Brits love the convenience of a package holiday.

time to read

2 mins

January 10, 2026

Daily Record

NHS must learn from mistakes

THE family of Dylan Jones deserve answers after the young father died in painful circumstances after being left waiting 15 hours for treatment.

time to read

1 min

January 10, 2026

Daily Record

Daily Record

Brain tumour dad's race against time

Family sets up fundraiser to cover £40k op

time to read

1 min

January 10, 2026

Daily Record

Eighties film set the greatest Malteaser

Malta’s Popeye Village was an eye-opener for SAM TEESDALE when he visited earlier in winter

time to read

3 mins

January 10, 2026

Daily Record

Daily Record

When we finished Pretty Woman, we all thought we'd had the best fun on the worst film

Star worried flick was a big mistake...huge!

time to read

1 min

January 10, 2026

Listen

Translate

Share

-
+

Change font size