Liz Truss is said to be freezing energy bills in her first move as prime minister.
Yesterday, 5 September, it was announced that the 47-year-old defeated Rishi Sunak in the vote to succeed Boris Johnson as the leader of the Conservative Party.
Truss is the third female prime minister in British history and it has been reported that first on her agenda is the cost of living crisis.
According to The Sun, a multi-billion pound deal to stunt energy bills could come by Thursday.
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Bills are expected to be capped for four months, with a taxpayer bailout.
The publication was told that Truss is expected to cap the wholesale price of gas by law.
Hopefully, the freeze will provide some respite for people struggling amid the cost of living crisis.
An insider source said: "We are moving quickly to support the public with the impact of high energy prices, caused by Putin’s weaponisation of energy.
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“Energy company CEOs were clear that they understood the scale of the challenge and the need to play their part to ensure the success of the Government’s planned intervention."
The intervention will be a welcome change for those worrying about how they'll cope this winter.
With energy bills currently set to climb by 65 percent in October and inflation hitting a 30-year high.
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But tackling energy bills isn't the only thing on Truss' agenda, with the new prime minister taking to Twitter shortly after being elected the latest leader of the Conservative Party, Truss not only thanked her followers for 'putting [their] trust in [her] to lead and deliver for our great country', but she also pledged to take 'bold action to get all of us through these tough times, grow our economy, and unleash the United Kingdom's potential'.
Truss has also said she would reverse the rise in National Insurance tax – a move first announced by Sunak and put into place in April this year.
The prime minister has also said she will stop a rise in corporation tax from going ahead, as well as a cut to income tax and reducing VAT by five percent – promising a total tax cut of around £30bn. She has said the plans will be paid for by delaying repayments of the national debt that accumulated during the course of the pandemic.
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Truss has also promised to build 300,000 new homes in the UK every year.
LADBible has reached out to Liz Truss for comment.
Featured Image Credit: Mark Thomas / Alamy Stock Photo PhotoEdit / Alamy Stock Photo
