This free energy price freezing for individuals is accompanied by a six -month blockage for businesses. “These interventions will have a cost,” she added, without giving specific figures.
Le Monde with AFP
The new British Prime Minister, Liz Truss, unveiled, Thursday, September 8, a freezing of the two -year energy prices for individuals, 2,500 pounds (more than 2,800 euros) per year for a home medium, to fight against the blazing of the cost of living.
The measure corresponds to a saving of around 1,000 pounds per year compared to the price increases which were expected at 1 er October, said M me truss , which was expressed in front of Parliament and also announced blocking energy prices for six months for businesses.
Support measures, which also include a temporary lifting of energy taxes intended to finance the transition to carbon neutrality, were not quantified on Thursday but will cost tens of billions of pounds, funded by the borrowing.
“These interventions will have a cost”
According to several media, the addition would amount to 150 billion pounds. It is more than the 70 billion pounds spent to pay the salaries of unemployment employees throughout the pandemic.
“This is a moment during which you have to be daring. We are facing an energy crisis (…) and these interventions will have a cost,” justified the leader in Parliament.
Pressure was becoming stronger for the government to end the ascent of energy bills and the cost of living, economists, NGOs, unions and even energy alerting on a humanitarian disaster this winter.
The United Kingdom is very dependent on gas prices, which have been multiplied by seven over a year, especially because of tensions on supply since the start of the war in Ukraine.
The wholesale prices of electricity and gas were previously completely reflected in companies and households, despite aid granted by the previous government, which quickly proved to be very insufficient.
Thursday’s announcements are added in particular to a reduction of 400 pounds of invoices for individuals who had already been announced by the previous executive.