Inflation will always be the easiest path forward for politicians:
Britons must never again be forced to pay exorbitant energy bills, Liz Truss will declare on Thursday as she promises more North Sea drilling and ditches the fracking ban.
Annual energy bills will be frozen at around £2,500 for the average household both this winter and next, and green levies will be scrapped.
Businesses will get protection from energy price rises in a pandemic-style government intervention that could end up costing more than £150 billion.
But on Wednesday, the pound plummeted to its weakest level since 1985 on the new Prime Minister’s first full day in office as markets appeared to baulk at the scale of the move to tackle bills, underscoring the financial challenges ahead.
Britons must never again be forced to pay exorbitant energy bills, Liz Truss will declare on Thursday as she promises more North Sea drilling and ditches the fracking ban.
Annual energy bills will be frozen at around £2,500 for the average household both this winter and next, and green levies will be scrapped.
Businesses will get protection from energy price rises in a pandemic-style government intervention that could end up costing more than £150 billion.
But on Wednesday, the pound plummeted to its weakest level since 1985 on the new Prime Minister’s first full day in office as markets appeared to baulk at the scale of the move to tackle bills, underscoring the financial challenges ahead.