Keir Starmer said the government may provide support to households if energy prices rise sharply after oil climbed to about $100 a barrel amid the conflict involving Iran. Analysts estimate the recent surge in oil and gas prices could add roughly £500 to a typical household’s annual costs. The Labour government faces pressure to prepare relief measures, though economists warn that a broad subsidy programme would be difficult to finance.
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Keir Starmer said the government may provide support to households if energy prices rise sharply after oil climbed to about $100 a barrel amid the conflict involving Iran. Analysts estimate the recent surge in oil and gas prices could add roughly £500 to a typical household’s annual costs. The Labour government faces pressure to prepare relief measures, though economists warn that a broad subsidy programme would be difficult to finance.