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Energy plan due this week, no funding details yet: Deputy PM

Energy plan due this week, no funding details yet: Deputy PM
(REUTERS/John Sibley TPX IMAGES OF THE DAY)
REUTERS
Pooja Shrivastava
By Pooja ShrivastavaSep 07, 2022
Pooja Shrivastava
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Prime Minister Liz Truss will set out plans to tackle soaring energy bills this week, Deputy Prime Minister Therese Coffey said today (7), but she declined to say who will foot the bill for what is set to be a costly intervention.

Truss, appointed prime minister on Tuesday (6), has vowed immediate action to address one of the most daunting sets of challenges for an incoming leader in post-war history including soaring energy bills, a looming recession and industrial strife.

Asked by Sky News when the plans on energy would be revealed, Coffey said: "I know that this week ...there will be a further announcement and I'm sure that will assure people indeed, when they hear what is going to be offered."

A source familiar with the situation told Reuters that Truss may announce on Thursday (8) that she will freeze energy bills in a plan that could cost towards 100 billion pounds, surpassing the COVID-19 furlough scheme.

"People, including you, will just have to wait for the detail of that," Coffey said when asked how the package would be paid for.

liz trussrising energy billsuk energy bills

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