Britons in cheaper housing to receive £100 for high energy costs
The British government is providing a 100-pound payment to twenty million residents to offset high energy costs, funded by increased taxes on various sectors. Meanwhile, the Netherlands is establishing a nearly 200-million-euro emergency energy fund to assist half a million low-income households starting in January.
The British government has announced a 100-pound one-off payment for approximately twenty million citizens to help mitigate the impact of surging energy prices. Finance Minister John Healey, who presented the budget, stated that the 2.6 billion pound initiative will be funded through increased taxes on banks, gambling operators, landlords, and online marketplaces. Additionally, the government is extending a fuel tax cut of 5 cents per liter until next July and raising mileage allowances as the economy faces challenges from rising inflation and energy costs linked to the ongoing war in Iran.
Separately, the Netherlands is launching a National Energy Emergency Fund in January to assist low-income households struggling with high utility bills. This fund aims to support 500,000 households with an investment of nearly 200 million euros, though critics argue that the criteria may exclude the most vulnerable individuals who have already stopped using heating due to poverty.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
