UK eyes ‘targeted’ support for households amid rising energy costs

AI Summary

UK Finance Minister Rachel Reeves announced the British government is exploring 'targeted' financial support for poorer households facing surging energy costs driven by the Middle East conflict. The government ruled out universal assistance for all households, focusing instead on those most vulnerable to rising heating oil prices. The announcement reflects growing pressure on European governments to shield citizens from conflict-driven energy inflation.

The British government is looking to provide “targeted” support for ⁠poorer households to offset the impact of ⁠surging energy costs due to the conflict ⁠in the Middle East, finance minister Rachel Reeves has said. In an interview published on Saturday, Reeves told the Times newspaper the government was looking at options to help those vulnerable to sharp rises in energy prices, especially those who relied on heating oil, but ruled out universal help for all households, saying it would be...