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HomeWorldUKLiz Truss may freeze accounts avoid energy "Armageddon"

Liz Truss may freeze accounts avoid energy “Armageddon”

pushed on will she rule out general freezing on electricity bills – a policy proposed by the Labor Party and energy companies – Ms Truss declined to do this.

“I won’t go into details. of what is the intended announcement it would have been before because i think it would have been wrong do it,” she said.

She is added: “I don’t think we should predict a kind of Armageddon scenario. I think we in a good trade position with which are very tough challenges”.

Scottish Power proposes £100bn plan for two-year freezing of electricity bills financed by loans issued by the Ministry of Finance. This proposal was supported by other energy companies.

One source at the power company said the idea was “extremely under investigation” by Truss. campaign figures and that Kwasi Kwarteng, the business secretary who is promised chancellor if Ms. Truss wins, seemed “very open” to options for freezing.

BUT second An industry source confirmed that the proposal is being scrutinized by Truss. campaign.

Farm team The same was told by insiders of The Telegraph. One said, “I’m sure there will be a mechanism that freezes accounts.” Another said the idea had been discussed “quite a few times”. in in last two weeks”.

Specificity of such electricity bills freeze – for sure who would be helpful how long for price the level and extent to which the taxpayer will cover cost – remains dot of debate, according to sources.

Farm campaign press secretary declined to comment.

During the leadership contest, Ms Truss faced criticism from Sunak campaign for speaking in newspaper interview she would prefer not to give give “Handouts” as a solution to the problem cost of life crisis.

She declined calls to clarify that financial help She will be give people, instead pointing to its broader promises of tax cuts.

However, there is an assumption that it is still to be finalized. package of energy support measures combined with her promised tax cut could end up costs the same as a vacation, £70 billion government payroll scheme of millions of private industry workers during the pandemic.

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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