British Gas in 10% gas price cut

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Yellow Belt
British Gas managing director Phil Bentley said millions of homes should benefit

British Gas has said that more than seven million households will benefit after it cut its standard tariff gas prices by 10%.

The move, which comes into force on 19 February, will trim £84 from the average annual gas bill, it added.

But observers said that even if rivals followed suit, it was "too little and too late" to make a significant difference to winter fuel bills.

The firm's price cuts will not apply to those on fixed tariffs.

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