Energy Price Guarantee cut from 2 years to 6 months

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HM Treasury

17 October, 2022

Today, Monday 17th October, saw new Chancellor Jeremy Hunt attempt to steady the financial markets by reversing £45bn of unfunded tax cuts by £32bn. The price cap for businesses and charities is unchanged: it will last for six months as originally proposed. The support for individual households, however, had been due to last for two years, and will now last until April 2023.

Mr. Hunt says that at that time, April 2023, support for individuals will continue in a more targeted way. We don't know yet what that will look like, but it is likely to focus on those deemed most in need, following a review.

We know this news will be concerning for many, and so we'd like to share with you a range of financial support options.

Benefits:

You can check your eligibility for any benefits via this benefits calculator

For specific benefits, the below websites will show you how much you may be able to claim:

Bereavement benefits: 0845 606 0265

Carers allowance: 0845 608 4321

Child benefit: 0845 302 1444

Disability and sickness benefits: 0800 882 200

Housing benefit and council tax reduction

Pension credit: 0800 991 234

Tax credits: 0345 300 3900

Jobseekers allowance (unemployment benefits): 0800 055 6688