Liz Truss confirms energy bill support package will be announced this week - everything we know

manchestereveningnews.co.uk:

Liz Truss will set out a plan to save households and businesses from financial ruin as a result of soaring energy bills tomorrow.

At her first Prime Minister’s Questions, Ms Truss confirmed her plan, expected to freeze household bills at around £2,500, will be set out in Parliament.

But she rejected the idea of using a windfall tax on the bumper profits made by oil and gas giants to fund the package, reported to cost up to £150 billion.

Ms Truss told the Commons: “I will make sure that in our energy plan we will help to support businesses and people with the immediate price crisis, as well as making sure there are long-term supplies available. READ MORE: Everything Liz Truss has said about energy bills help and cost of living “I understand that people across our country are struggling with the cost of living and they are struggling with their energy bills. “That is why I, as Prime Minister, will take immediate action to help people with the cost of their energy bills and I will be making an announcement to this House on that tomorrow and giving people certainty to make sure that they are able to get through this winter and be able to have the energy supplies and be able to afford it.” In response to Labour leader Sir Keir Starmer, who has pushed for a levy on the £170 billion of “excess profits” that oil and gas producers are expected to enjoy over the coming years, Ms Truss rejected a windfall tax. “I am against a windfall tax, I believe it is the wrong thing to be putting companies off investing in the United Kingdom just when we need to be growing the economy,” she said.