Property News · May 9, 2017

Theresa May to promise price cap on energy bills in Tory manifesto


Policy marks a shift towards a more interventionist approach and is likely to draw fierce criticism from other partiesTheresa May will promise a cap on rip-off energy bills in the Conservative manifesto, arguing that she is ready to intervene in markets if they are thought to be failing ordinary families.The prime minister will set out plans for an “absolute price cap” on standard variable tariffs to save households up to £100 a year after a government-backed study found customers had collectively been forced to pay £1.4bn a year in “excessive prices”. Continue reading…

Source : theguardian.com
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