Key challenges facing Liz Truss as new Prime Minister


The cost-of-living crisis has brought energy bills and energy company profits to the centre of the political stage. The current windfall tax on oil and gas companies is expected to be extended to pay for a freezing of the current price cap. Estimated to cost as much as £100 billion, this will need supplementing by additional borrowing.

Calls for support for business energy bills (not included in the current price cap) are also gathering momentum, yet the sheer cost of support will limit the extent of such measures (large industrial users of energy have seen their support scheme increased in recent weeks).


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