Rishi Sunak will unveil a multi-billion-pound package on Thursday to help people cope with soaring energy bills - but has resisted cutting green levies, despite the cost of living crisis.

Ofgem will announce a rise in the energy price cap, with industry estimates saying bills will increase by 50 per cent to about £1,915 for the typical household.

The Chancellor is reportedly set to unveil state-backed loans that will allow energy firms to reduce the bills of every household in the UK, to ease the financial impact.

The Telegraph also understands that Treasury officials have been preparing plans for a council tax rebate, a targeted measure that would help the poorest families.

Read the full story here: https://www.telegraph.co.uk/politics/2022/02/02/rishi-sunak-splashes-ease-energy-bills-crisis/

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