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Why an energy bailout will cost us long term | This Is Why
Posted
March 17, 2026
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March 17, 2026
8,635
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17:33Now PlayingSir Keir Starmer is promising help for working people whose energy bills are going up because of the Iran war.
The last energy bailout after Russia's full-scale invasion of Ukraine cost £40bn, and on top of the costs of support during the COVID pandemic it means the UK's national debt is now around 100% of GDP.
Repaying that debt costs as much as the education budget.
With a new YouGov poll for Sky News suggesting that people overwhelmingly back energy prices being reduced for all households, Niall discusses who would pay for an energy bailout with Sky's data and economics editor Ed Conway.
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