Truss’s UK Energy Bailout May Boost Interest Rates, Hammond Says
- Former chancellor says government can’t solve all problems
- ‘Markets are watching’ policy makers closer than in years
Liz Truss delivers a speech after being announced as the winner of the Conservative Party leadership contest.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
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Liz Truss’s plan to cushion British consumers from soaring energy prices may force the Bank of England to lift interest rates, former Chancellor of the Exchequer Philip Hammond said.