Officials stressed that no final decision has been taken and that consultation will run into the autumn. A spokesperson said the approach balances affordability against the need for long-term investment. 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. Officials stressed that no final decision has been taken and that consultation will run into the autumn. Independent analysts note the projections rest on assumptions that may prove optimistic.
The proposals, published on Tuesday, set out a timetable that officials say is deliberately cautious. The change would affect an estimated two million households from the start of the next financial year. Similar schemes elsewhere have produced mixed results, with outcomes varying widely by region.
A spokesperson said the approach balances affordability against the need for long-term investment. Industry bodies have broadly welcomed the direction while warning about implementation costs. The figures represent the sharpest movement recorded since comparable data began. Independent analysts note the projections rest on assumptions that may prove optimistic.
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