Property News · June 19, 2017

Energy price cap likely to go ahead despite warnings of 'timebomb'


Theresa May expected to keep election pledge with measure in Queen’s speech – although it may be watered downTheresa May is expected forge ahead with an energy price cap this week despite misgivings among Tory ranks and warnings it could prove a “political and consumer timebomb”.If the prime minister opts for the wide-ranging intervention promised during the election – which she said would save 17m households up to £100 on bills – such a measure would require primary legislation and feature in the Queen’s speech on Wednesday. Cabinet ministers have told the prime minister to drop the proposal, according to a report last week, but it is understood that some form of restriction on bills will be introduced. Continue reading…

Source : theguardian.com
Read more…Energy price cap likely to go ahead despite warnings of ‘timebomb’

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