The outgoing Prime Minister admits existing support will prove insufficient, while his likely successor Liz Truss indicated she would keep the windfall tax
Britain’s GDP shrank by 0.6 per cent in June, leading to a fall in economic activity over the second quarter as a whole. The Bank of England has forecast a recession lasting more than a year as consumers cut back on spending in response to higher living costs – almost half of companies surveyed by the British Chambers of Commerce expect to see no growth in their business this year.
“Through cutting taxes and driving business investment, she will deliver for the hardworking people of our country and put more money in their pockets.” The ex-chancellor has promised to increase financial support to households by enough to cover the rise in energy bills if he becomes prime minister – and admitted he may have to borrow to fund it.
Independent energy analysts have published varying predictions of the cap’s future level based on the likely trend of global gas prices, with some forecasting a peak of £4,000 or even £5,000.
Belgique Dernières Nouvelles, Belgique Actualités
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