Britain’s new Prime Minister Liz Truss will on Thursday set out a “bold plan of action” to support households and businesses with soaring energy bills while also seeking to boost domestic energy supply, her office said.
Truss, appointed prime minister on Tuesday, has promised immediate action to address one of the most daunting sets of challenges for an incoming leader in post-war history, including soaring energy bills, a looming recession and industrial strife.
A source familiar with the situation told Reuters that Truss was considering freezing energy bills in a plan that could cost towards 100 billion pounds , surpassing the COVID-19 furlough scheme. During the leadership election campaign, Truss said she favoured tax cuts over providing direct support to households facing unprecedented rises in energy bills.
The average bill is due to jump to 3 549 pounds a year next month, and further major hikes are forecast next year.
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