Will the UK Government have spent more than £50 Bn (inflation-adjusted from sep 22) capping electricity bills by the next election?
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The next election has been and gone, and the cost of price capping was less than £50 billion. https://obr.uk/fer/forecast-evaluation-report-october-2023/#box-3.1 supports that FY2022-23 had a spend of around £40 billion, and FY2023-24 was <£10 billion as the price capping schemes only had a couple of months to run, and energy prices had moderated by that time anyway.
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