What Jeremy Hunt’s statement means for you

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The new chancellor has outlined a host of policy changes. This is how is affects your finances. …

You will still pay for the gas and electricity you use. For a typical household – one that uses 12,000 kWh (kilowatt hours) of gas a year, and 2,900 kWh of electricity a year – it means the annual bill will be £2,500 until next spring. Last winter it was £1,277 a year.

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