The British government announced on Monday that it will limit a freeze on household energy bills to six months, when it was initially planned for two years. A change that aims to protect public finances “from the volatility” of gas prices.
This measure will be revised to “implement a new approach that will cost taxpayers much less than expected” and will be aimed at “those most affected,” he said.
Almost all fiscal measures canceled
Jeremy Hunt also indicated that “almost all fiscal measures” announced three weeks ago by Prime Minister Liz Truss would be cancelled.
These announcements are intended, in particular, to reassure markets mired in turmoil over previous announcements by the government of Liz Truss, whose days now seem numbered.
Source: BFM TV
