The chancellor was called upon to reconsider a 200 200 home loan in the autumn, amid widespread criticism that the ‘heat now, pay later’ program would accumulate further debt. The Department for Business has proposed three options for reducing the cost of living crisis as part of an energy security strategy aimed at weaning the UK from foreign fossil fuels. The Kwasi Kwarteng division has proposed increasing the των 200 payment to ‘£ 500 or more’, for all households or the poorest, according to an early draft by the newspaper i. A second option would delay the repayment of the λι 200, which the Treasury says it must repay at an interest rate of λι 40 a year for the next five years. Third, the clerk’s staff proposed exempting the poorest dwellings from the need to repay, turning the loan into a grant. A spokesman for the Treasury Department did not dispute that the proposals had been rejected as they did not appear in the strategy – which is under fire because it does not provide immediate assistance with the accounts. Mr Kwarteng acknowledged that it would be at least “two or three years” before new infrastructure investments could have any impact on rising fuel costs. The annual price ceiling for annual domestic bills jumped by almost 700 700 this month to almost £ 2,000 and is expected to jump to 1. 1,000 in the fall. Analysts have warned that the UK is heading for the worst drop in living standards since the 1950s, along with a boom in poverty that will push 500,000 more children below the threshold. The End Fuel Poverty Coalition has warned that vulnerable families will be pushed further into debt by the loan and criticized the decision to make it mandatory. Labor has described the loan as a “fraud”, arguing that about a million people who will not receive it – first-time buyers, divorced couples, students and caregivers – will continue to be responsible for future charges. Asked if Mr Sunak had rejected the proposed review, a finance ministry spokesman told the Independent: “We are not commenting on leaked documents.” The leak also revealed that Mr Kwarteng’s hopes for a dramatic increase in investment in onshore wind farms had also picked up dust amid the Whitehall controversy. The early draft proposed to increase production to 45 GW by 2035, saying: “Land-based wind energy is currently the second cheapest form of electricity generation.” But Boris Johnson is succumbing to pressure from Tory lawmakers to maintain strict planning rules that serve as an effective ban on new onshore wind farms. Asked why, the prime minister said: “People feel that it affects the beauty of the countryside. I understand that.”
