Treasury preparing 11th hour package to soften national cost of living crisis

Measures include 200 rebate on energy bills as millions of households brace for record rise

The Treasury is scrambling to complete 11th-hour plans capable of softening a national cost of living crisis, including a 200 rebate on energy bills and more help for the poorest households.

No 10 and the Treasury have been under pressure from Tory MPs to act as millions of households brace for a record hike in energy bills from April, and the prospect of rising mortgage rates and tax increases.