The UK Government has been accused of a ‘shameful swindle’ over the reduction of energy bills after a think tank estimated savings could be significantly lower than pledged.

The SNP has warned the Chancellor’s latest announcement to reduce household energy costs by £150 was “already falling apart”.

The Treasury earmarked the savings by scrapping the energy company obligation scheme – a home insultation programme.

It comes after the Resolution Foundation warned energy bills could continue to rise – and the reduction will be lower than anticipated.

Figures from the think tank suggests the average saving on energy bills could be £60 per household by 2029-30.

Analysis by the think tank also estimates savings to be £127 in 2026-27, falling to £115 in 2027-28 before reducing again the f

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