Liz Truss outlines plans to help households with soaring energy bills
The Metro says Liz Truss is setting out measures to shield households and businesses from soaring energy bills.
In her first major policy intervention as Prime Minister, she is expected to tell MPs on Thursday that domestic energy bills will be frozen at around £2,500 as part of a package to ease the cost-of-living crunch which will cost an estimated £150 billion.
The guarantee on energy costs, which is aimed at saving families and businesses from financial ruin if bills continue to rise as predicted, will be funded by increased borrowing after Ms Truss rejected calls for a windfall tax on oil and gas producers.
Downing Street has also indicated Ms Truss will end the moratorium on fracking – the process of extracting shale gas by fracturing rocks with high-pressure water.
