Liz Truss, UK prime minister, has announced an estimated ￡150bn package to shield Britain from soaring energy prices — but with just six months’ cover for business compared with two years for households.
The dramatic state intervention was accompanied by promises to increase domestic oil and gas production — including fracking for shale gas — and reforms to the energy market.
An “energy price guarantee” will limit average annual household bills to ￡2,500 over the next two years.
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