New Prime Minister Liz Truss used her victory speech to pledge to "deliver on the energy crisis" by dealing with bills as well as supplies.
The BBC understands that a similar scheme will be used to limit the energy price increases being experienced by small and medium-sized businesses.'Bold action' "There's a political consensus that needs to happen. She needs to ask the question, how she's going to pay for that? Labour made it clear, it needs to be a windfall tax on oil and gas companies."
Federation of Small Businesses chairman Martin McTague said soaring energy bills "must be addressed urgently." Mr Kwarteng - tipped to be named chancellor by Ms Truss - suggested he would look at the UK's rules on government borrowing and spending - called fiscal rules - to see if they still worked for the economy.
It is likely to ultimately cost billions of pounds, and that may need to be paid back either through you paying extra on bills for the next decade, or through taxation if the government picks up the tab, or through extra borrowing.
Market Manipulation. It simply doesn't work. How are the companies going to cover their costs? With state help? So tax payers, the people, again will have to pay for that
We need nationalisation now! It's been proven time and time again privatisation does not work! We been bailing them out from the start and now this? 🤬
So a price freeze at the higher rate , brilliant, how about get back to where it was
Freezing the cap won’t work. It will limit the impact on households (and potentially businesses) but doesn’t fix the cause. Is there a reason we couldn’t have a nationalised energy generator? The remit would be to sell power into the grid below market rate (still at profit).
Even with a freeze they are getting billion dollars of profits they are just not make a lot more if they don’t.
This will only backfire.
Reminds me of the time VAT was dropped from 17.5% to 15% for a few years And then it wanged all the way up to 20%, never came down When +20% is being added to your energy bills and food bills as the prices rise, that's quite the proportional hustle because f**k you that's why
freeze plan?...... hmmmm! yeah let them freeze
How about fucking lowering them?
When she says a freeze plan, does she mean people?
Until the end of January. You know, when it gets REALLY cold.
Freeze plan? Does this mean we all freeze because we can’t afford the bills 😝
Planning to let people freeze sounds pretty normal for this lot
When you can’t pay your bill, it WILL freeze, along with you, your cat, your dog and your underwear……
So the plan is to put everyone in debt?
Might be expected but doesntmake it a reality.
She doesn't care !
Fixed that for you
All MPs love legalised fraud The End👍
We know many of us are likely to freeze. What’s her plan to stop that?
Why did ofgem not do this instead of the massive rise. Once again profits before people not people before profits
Try lowering energy bills as the right thing to do then she might stand a chance. Another loan we didn't ask for is not the answer.
My bills will be so much cheaper because I bought a new kettle!! BorisJohnson Ha, ha! One step ahead of the game.
Is that, there's no gas so everyone freezes?
A loan to energy companies seems like gifting them more public money and then adding more debt to the public purse to pay for it. Even if the bills rise no further the poor are already desperate. Newsnight r4today
Why do they need loans when they make billions in profit 😡😡😡😡😡😡😡😡😡😡😡😡, fking joke
Isn't that just a fixed price contract? I'm already on one of those.
Does she mean to literally let us freeze?
Yes, we will freeze. We know that's the plan.
Okay so copying Labour on another policy. Just get rid of these Tories. ToriesOut
'freeze plan' as in we're all going to freeze to death?
The 'plan' is to make people pay it back over 20 years while letting the energy companies accrue billions in profit.
Where is Scotland's Sovereign Wealth Fund? 🤷 ScottishIndependence 🏴
Hmm sounds like labours idea
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