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BBCNEWS BBC News June 4, 2024 13:23:00

we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to 0fgem to ensure businesses are getting the right fixed rate contracts. right now, liz truss s main proposal is to reverse april s rise in national insurance. labour has proposed freezing the energy price cap so the government, not households, pay any further rises in bills. but the living standards think tank the resolution foundation says both proposals help richer households unnecessarily. instead, the government could spend £23 billion cutting everyone s bill by 30%, with the cost offset by adding 1% to all income tax rates. most urgently in need are customers on prepayment meters, who are expected to face energy costs for next january averaging more than £600. tomorrow s expected announcement of another big jump in bills to three times what they were a year ago is unlikely to be the last. andy verity, bbc news. i m joined now

BBCNEWS BBC News June 4, 2024 16:04:00

and more powers to 0fgem to ensure businesses are getting the right fixed rate contracts. right now, liz truss s main proposal is to reverse april s rise in national insurance. labour has proposed freezing the energy price cap so the government, not households, pay any further rises in bills. but the living standards think tank the resolution foundation says both proposals help richer households unnecessarily. instead, the government could spend £23 billion cutting everyone s bill by 30%, with the cost offset by adding 1% to all income tax rates. most urgently in need are customers on prepayment metres, who are expected to face energy costs for next january averaging more than £600. tomorrow s expected announcement of another big jump in bills to three times what they were a year ago is unlikely to be the last. andy verity, bbc news. let s speak to the chief executive of the national energy action, adam scorer.

BBCNEWS BBC News at One June 4, 2024 12:11:00

we want to see emergency energy grants for smaller businesses, a reduction in vat from 20% to 5%, and more powers to 0fgem to ensure businesses are getting the right fixed rate contracts. right now, liz truss s main proposal is to reverse april s rise in national insurance. labour has proposed freezing the energy price cap so the government, not households, pay any further rises in bills. but the living standards think tank the resolution foundation says both proposals help richer households unnecessarily. instead, the government could spend £23 billion cutting everyone s bill by 30%, with the cost offset by adding 1% to all income tax rates. most urgently in need are customers on prepayment meters, who are expected to face energy costs for next january averaging more than £600. tomorrow s expected announcement of another big jump in bills to three times what they were a year ago is unlikely to be the last. andy verity, bbc news.

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