Rachel Reeves to set out extra support for UK households facing surge in heating oil costs
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Chancellor Rachel Reeves will announce additional support next week for UK households, particularly in rural areas and Northern Ireland, facing rising heating oil costs due to the Middle East conflict. The plan aims to assist low-income and vulnerable individuals, with funding distributed through councils in England via the crisis and resilience fund. Devolved governments in Scotland, Wales, and Northern Ireland will receive funds to deliver aid in their respective regions. The move comes as heating oil prices, unregulated by Ofgem's price cap, have surged, impacting an estimated 1.7 million UK households. Ministers are also urging petrol retailers to avoid price gouging and have requested the Competition and Markets Authority to monitor heating oil prices for unjustified increases.
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