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Energy Price Cap Seen Saving UK From ‘Consumer Armageddon’

  • Truss’s government says it will limit household energy costs
  • Analysts expect the policy to help Britain’s high streets
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WATCH: PM Liz Truss announces a new UK energy price guarantee which will hold average household bills to no more than £2,500 from Oct. 1. Truss speaks in the House of Commons on Thursday.Source: Bloomberg
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The UK’s plan to cap energy bills will provide some relief to retailers even as consumer spending is squeezed by the cost-of-living crisis, analysts have said.