UK PM Liz Truss to set out 'bold' plan to tackle energy crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With Vladimir Putin putting much foot on their necks, she'll soon feel the pressure & run like her predecessor... The days of being bullied by these Western nations will soon come to an end thanks to Vladimir Putin

She won't be Prime Minister by winter Save this tweet

United States United States Latest News, United States United States Headlines