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The Guardian expects the chancellor to use the Autumn Statement to say that given the need to save money and reduce state borrowing, the household energy price cap will rise “from £2,500 to an expected £3,000-£3,100”. Bills are currently set to rise sharply in five months’ time when the government’s energy price guarantee ends.

Guardian Front Page 1st of November 2024

Rachel Reeves has been informed that an additional £9 billion in tax revenue may be needed to prevent harsh spending cuts to public services, following concerns about increased borrowing costs and a demanding global financial environment.

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