UK PM Liz Truss Freezes Energy Bills For 2 Years To Tackle Cost-Of-Living Crisis
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Energy bills for an average British household would be capped at $2,872 a year.London: New British Prime Minister Liz Truss on Thursday said domestic fuel bills would be frozen for two years, marking her first week in office with a costly plan to tackle a worsening cost-of-living crisis.Two days after taking over, Truss unveiled emergency measures that include authorising more oil and gas drilling in the North Sea and lifting a ban on fracking, a controversial method to dig for fossil fuels.The government said it would also review progress towards its legally enshrined target to achieve net-zero carbon emissions by 2050, to ensure no "undue burdens on businesses or consumers", but stressed it remained committed to the goal.Households are facing an 80-per cent hike in gas and elect...