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UK plans to hold a "fiscal event" this month

Thu, 08th Sep 2022 11:55

LONDON, Sept 8 (Reuters) - Britain's government will hold a "fiscal event" later this month where it will set out the cost of a package of measure to freeze energy bills for the next two years, according to a written ministerial statement.

The government announced on Thursday that average household bills would be held at around 2,500 pounds ($2,881) a year for two years from Oct. 1, preventing the expected 80% leap that was due in October.

"The Chancellor of the Exchequer will set out the expected costs as part of the fiscal statement later this month," Jacob Rees-Mogg, Britain's new business minister, said in the statement. ($1 = 0.8676 pounds) (Reporting by Andrew MacAskill, editing by Elizabeth Piper)

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