Liz Truss set to announce £130bn energy bill bailout

The Guardian says Liz Truss will finally present her long-awaited plans to tackle soaring energy bills on Thursday, with some Tory MPs conceding this is already a make-or-break moment for her entire premiership.

The new prime minister is expected to announce to MPs that bills will be frozen at about £2,500 a year until 2024 as part of a package of support costing up to £130bn, funded by the taxpayer, as she tries to address the most significant economic crisis in a generation.

Senior Tories predicted the bailout would generate enough goodwill to guarantee her survival in No 10 until at least Christmas, but warned she had a big challenge keeping her deeply divided party in line beyond the new year.

https://www.theguardian.com/business/2022/sep/07/liz-truss-set-to-announce-130bn-energy-bill-bailout