A social tariff is fundamentally about supporting the most vulnerable with the cost of energy and this is what we have delivered. Between 2022-25 we are delivering a package of support worth £108 billion, or £3,800 per household on average.

In 2023-24 we have supported millions of vulnerable households with up to £900 in further cost-of-living payments. Despite the Quarter 2 2024 Ofgem price cap falling nearly 60% since its 2023 peak, we have committed to supporting households past April, by cutting National Insurance, and increasing benefits and the National Living Wage.

We have also been working with Ofgem on their new involuntary prepayment meter rules and a long-term solution to end the prepayment meter premium. I met with suppliers at the end of last year to outline my expectation that they support vulnerable customers and improve their customer service.

Young Enterprise does excellent work, engaging young people and providing valuable education in enterprise and financial skills. Ministerial colleagues recently met Young Enterprise to hear about its work and correspondence

on this and have shared that information with education Ministers. If I may also add, the lessons that I learned when I did Young Enterprise in the sixth form, which was not so long ago, were invaluable.