The figures represent the sharpest movement recorded since comparable data began. Industry bodies have broadly welcomed the direction while warning about implementation costs. Critics argue the measures do not go far enough to address the underlying pressures.
Officials stressed that no final decision has been taken and that consultation will run into the autumn. The change would affect an estimated two million households from the start of the next financial year. Critics argue the measures do not go far enough to address the underlying pressures. Independent analysts note the projections rest on assumptions that may prove optimistic.
A spokesperson said the approach balances affordability against the need for long-term investment. The figures represent the sharpest movement recorded since comparable data began. The change would affect an estimated two million households from the start of the next financial year.
The change would affect an estimated two million households from the start of the next financial year. Independent analysts note the projections rest on assumptions that may prove optimistic. Industry bodies have broadly welcomed the direction while warning about implementation costs. The proposals, published on Tuesday, set out a timetable that officials say is deliberately cautious.
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