Jeremy Hunt makes U-turn on planned cut to energy support

Chancellor confirms energy price guarantee will continue at current rate for further three months

The Treasury has performed a U-turn on a planned cut to energy support for households after warnings that it would plunge many thousands more families into poverty.

In an announcement on the morning of the chancellor Jeremy Hunt’s budget speech, the government confirmed that the energy price guarantee would continue at its current rate, which limits a typical annual household bill to £2,500. It is being extended from April, when it was due to expire, for a further three months until the end of June.