Liz Truss outside the Conservative Party headquarters in London, Britain, after being announced as Britain's next prime minister on September 5 2022. Picture: REUTERS/PHIL NOBLE
The policy could cost as much as £130bn over the next 18 months, according to policy documents seen by Bloomberg. Truss is due to travel to Balmoral Castle in Scotland on Tuesday to meet Queen Elizabeth II before officially taking office as the successor to Boris Johnson as British prime minister. She is under pressure to come up with a solution to surging energy prices that are crushing families and businesses in the UK as Russia shuts off gas supplies to Europe in response to the sanctions imposed after its invasion of Ukraine.
Jacob Rees-Mogg, who is set to become business secretary in Truss’s government, held talks with the CEOs of energy companies Monday to discuss the plans. The companies were receptive to the idea, which means they will avoid a windfall tax and see the shortfall in their revenue covered by the taxpayer, a person present said.
I never knew I would be what as I'm today so mush suffering, saw a post about your platform and I took a step to try if it's going to work, you changed my life financially, I just want to share your good work and let the world know how great you are JamesAlderson0
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had, things were hard until I met lisa_mia_t0 and started Bitcoin trading, I earned $80,000 in 3 weeks thanks Lisa_Mia_T0.