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Manchester Evening News
Manchester Evening News
Business
Joel Shooter

What do you think of Liz Truss's energy announcement?

Last week saw Liz Truss make her first announcements as Prime Minister, and we want to know your thoughts on the plans to help tackle rising energy costs going into winter.

The plans will see the energy price cap fixed at £2,500 a year from October this year, instead of the initial figure of £3,549 announced by Ofgem in August.

This figure would have been set to rise even higher going into 2023, with analysts expecting it to have hit £4,200 in January.

READ MORE: Downing Street says death of Queen will not affect plans to freeze energy bills

While an emergency budget is not expected until later this month, it's expected that the cost will likely be £150 billion and will be funded by extra borrowing rather than the windfall tax on energy companies suggested by Labour.

A scheme to help support businesses, schools, hospitals, and other organisations is also being put together, but this would only be set to last six months rather than the two years the £2,500 cap is set to last for.

To let us know what you think about the plans to help tackle energy bills for households, fill in the survey below or if it isn't displaying follow this link.

You can also share your thoughts in our comments section.

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