Reports from Ofgem or other official energy market regulators

Labour Faces Backlash Over £300 Winter Fuel Payment Cuts Amid 10% Energy Bill Rise

Aug 23, 2024, 07:22 AM

The Labour government in the UK is facing criticism for its decision to cut the £300 Winter Fuel Payment for millions of pensioners. This policy change, announced by Chancellor Rachel Reeves, comes at a time when energy bills are expected to rise by 10% due to a new price cap set by Ofgem. The decision has sparked concerns about increased fuel poverty among pensioners, as many will no longer qualify for the payment unless they receive means-tested benefits. Critics argue that this move is a political choice that will negatively impact vulnerable populations, particularly as energy costs soar.