The prime minister’s energy plan may have been overshadowed by the death of the Queen, but its implications for households and businesses – as well as the national debt – will be huge. John Collingridge explains what it all means
When Liz Truss rose to her feet last Thursday, she expected the announcement of her landmark energy policy to dominate the news cycle for days. It was to be one of the most expensive economic interventions by the Treasury in living memory – overshadowing even the huge cost of the Covid furlough scheme. But just moments later, notes began being passed around the Commons chamber. Quickly it became clear that the Queen’s health had gravely deteriorated and later in the day her death was announced by the royal family.
With the country in mourning, the extent and detail of the energy plan has been largely overlooked but the crisis it is aimed at relieving is very much ongoing. The business editor, John Collingridge,tells Hannah Moore that despite the scale of the intervention, the failure to target support to where it’s needed most could come back to haunt the government. And its support for small businesses will be welcomed but may need extending beyond the initial six-month time limit.
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