UK’s Truss Sets Out Measures to Tackle Crisis: Energy Update
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The UK will cap household energy bills and set up a fund of up to £40 billion to help energy companies access extra liquidity as part of measures to fight the energy crisis.
Prime Minister Liz Truss announced the sweeping package on Thursday at a cost of billions of pounds to the Treasury. The government said the measures will boost economic growth and estimates it will reduce inflation by 4 to 5 percentage points.