Watch live as chancellor Rishi Sunak holds Downing Street briefing on energy costs

Rishi Sunak is holding a Downing Street press conference to discuss the government’s response to rising energy costs.

The chancellor on Thursday announced that average household bills will increase by £693 this year, but also promised a support package for customers.

A “vast majority” of households will receive £350 of help take the “sting” out of rocketing prices, with a £150 discount on their council tax bill in April and a further £200 of savings on electricity in October.

Mr Sunak first announced his support package in the House of Commons on Thursday.

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