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this month on whether they will support strike action over a 5 per cent pay offer from the Government.to borrow more than £100bn in order to freeze the energy bills
of everyone in the country, with the price cap going no higher than £2,500. Some reports suggest the freeze could last for up to two years – until the next general election in 2024. However there are warnings the plan could drive up tax rates and cause winter blackouts. Former chancellor Philip Hammond told: “If the Government contributes anything, the taxpayer will have to pay. I’m sure that there will be an element of taxpayer funding in this.
on oil and gas producers and will instead fund the entire package through general taxation, which will cause a short-term surge in Government borrowing. Labour has accused Ms Truss of writing a “blank cheque” by ruling it out, saying the British people will be left to “foot the bill”.against the dollar since 1985, amid fears of persistently weak economic growth and high inflation. Sterling dipped as low as $1.1403 on Wednesday afternoon, surpassing the trough of $1.
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