TUC calls for October energy price cap rise to be cancelled as chancellor tells firms to invest ‘extraordinary profits’
Ministers have been warned that energy bills will cost more than two month’s wages next year unless new help is given to households, as the chancellor, Nadhim Zahawi, told firms they must invest their “extraordinary” profits or face the threat of further taxation.
The TUC ramped up calls for the government to cancel the October energy price cap rise, saying the cost of living crisis this winter was an “emergency of pandemic scale”.