Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will uprate the £100 energy bill payment announced in the Budget to account for the decision by the Bank of England to raise interest rates to 4% on the 5th of November 2026.
The government recognises that no single measure can address every pressure households face. The Household Energy Payment forms part of a wider package of support and will give up to 20 million households in England some breathing space from rising energy prices. The devolved governments will receive corresponding funding through the Barnett formula, which will enable them to provide similar support.
The Budget also provides universal support with energy bills by extending the temporary 0% of VAT on qualifying domestic electricity supplies in GB until July 2027, with funding for the Northern Ireland Executive to provide comparable support.