Home Business News Truss promises an ‘energy plan’ which ‘will help to support businesses and people with the immediate price crisis’

Truss promises an ‘energy plan’ which ‘will help to support businesses and people with the immediate price crisis’

by Mark Fitt Political Journalist
7th Sep 22 2:55 pm

The new British Prime Minister Liz Truss has promised during her first Prime Minister Question time that her government will make sure there is an “energy plan” which will “help to support businesses and people.”

Truss confirmed during PMQs that she will freeze household bills at around £2,500 and rejected to idea of using a windfall tax on the enormous profits oil and gas giants make to fund the package which could cost up to £150bn.

Truss told the Commons, “I will make sure that in our energy plan we will help to support businesses and people with the immediate price crisis, as well as making sure there are long-term supplies available.

“I understand that people across our country are struggling with the cost of living and they are struggling with their energy bills.

“That is why I, as Prime Minister, will take immediate action to help people with the cost of their energy bills and I will be making an announcement to this House on that tomorrow and giving people certainty to make sure that they are able to get through this winter and be able to have the energy supplies and be able to afford it.”

TheLabour leader Sir Keir Starmer has pushed for a levy on the £170bn of “excess profits” that oil and gas firms will make.

“I am against a windfall tax, I believe it is the wrong thing to be putting companies off investing in the United Kingdom just when we need to be growing the economy,” she confirmed.

Starmer said, “The Prime Minister knows she has now choice but to back an energy price freeze, but it won’t be cheap and the real choice, the political choice is who is going to pay.

“Is she really telling us that she is going to leave this vast excess profits on the table and make working people foot the bill for decades to come?”

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