British Chancellor of the Exchequer Nadhim Zahawi stated on Thursday that the government will introduce a package worth at least £37 billion to help households and businesses deal with the energy crisis that is expected to affect them gravely during the forthcoming winter "no one should be cut off because they can't afford their bills."
Speaking to Sky News, Zahawi said that, despite the hardships, the United Kingdom will not cease to support Ukraine. He also noted the package the government is preparing for the British public will "go beyond that [£37 billion] because we know we need to send the message to Mr. [Russian President Vladimir] Putin that this strategy is not going to work." Moreover, the chancellor said the planned measures will be introduced after a new prime minister is elected.
Zahawi's comments came after the Office of Gas and Electricity Markets (Ofgem) stated the price cap for energy will rise to a staggering £3,549 a year starting from October 1. Meanwhile, Goldman Sachs estimated that inflation in the UK could rise above 20% in 2023 in the wake of a potentially prolonged energy crisis.
