The old saying that a ‘week is a long time in politics’ can rarely have been more apt. The changes in Westminster have been overshadowed by the transition in the Monarchy. But the new Prime Minister has also begun to tackle the challenges facing the UK economy.
The first big policy announcement was a freeze on energy bills. The ‘Energy Price Guarantee’ will cap the unit price of energy for households for two years, with the government compensating suppliers for any additional costs. Similar support is also being offered to businesses and other non-domestic energy users, such as schools, initially for a period of six months.
This is a dramatic turnaround from Liz Truss’s apparentdismissalof more ‘handouts’ in the early days of her leadership campaign. The Energy Price Guarantee is another massive state intervention in the markets which will subsidise the energy bills of every household…
View original post 841 more words
Utopia, you are standing in it! 
Recent Comments