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Proposal to give all UK households a set amount of subsidised energy through North Sea taxes
Updated ·First reported ·1 source
Summary
The New Economics Foundation proposes providing all UK households with a subsidised amount of energy to heat two rooms and run key appliances. The thinktank suggests funding the £4.5 billion subsidy through North Sea taxes to freeze rates at current levels and combat rising bills. This policy aims to prevent households from incurring further debt.
Key Facts
- •The New Economics Foundation proposes giving all UK households a minimum amount of subsidised energy to heat two rooms and run essential appliances.[1]confirmed
- •The proposal would require a subsidy of approximately £4.5 billion, funded by North Sea taxes.[1]confirmed
[1] Guardian World
Locations
United KingdomUnited Kingdom, Europe
55.38, -3.44North SeaInternational, Europe
56.00, 3.00Sources (1)
- initial report
Changelog
initial reportv1
Automated synthesis
Show summary
The New Economics Foundation proposes providing all UK households with a subsidised amount of energy to heat two rooms and run key appliances. The thinktank suggests funding the £4.5 billion subsidy through North Sea taxes to freeze rates at current levels and combat rising bills. This policy aims to prevent households from incurring further debt.
- • The New Economics Foundation proposes giving all UK households a minimum amount of subsidised energy to heat two rooms and run essential appliances.
- • The proposal would require a subsidy of approximately £4.5 billion, funded by North Sea taxes.