Oil and Gas Industry News

Cost of living: Liz Truss ‘may freeze energy bills’ this winter [Video]

Liz Truss is ‘strongly considering’ freezing energy bills this winter to help struggling Brits through the dire cost of living crisis, according to new reports.

The Foreign Secretary is widely expected to beat out Rishi Sunak and be named Britain’s new prime minister at 12.30pm today. 

She could introduce an energy bill package ‘on the scale of the furlough scheme’ during the Covid pandemic, sources told The Times.

Another report from The Daily Telegraph says the specifics of such a policy are still being debated.

But both outlets agreed a freeze in some form will likely be introduced to avoid energy ‘Armageddon’.

Some people will die as they are forced to choose either heating or eating when bills rocket, money expert Martin Lewis has repeatedly warned.

The average household spend stands at £3,549 a year, already too much for many, but grim warnings say it could soar to £6,616 in 2023.

On Sunday, Ms Truss promised to announce support

Watch/Read More