PM announces £150bn scheme and resumption of fracking as she pledges to tackle root causes of crisis
Liz Truss will freeze energy bills at an average of £2,500 a year for the next two years from 1 October, also pledging to tackle the root causes of the issues in the UK energy market through plans to increase supply, including the resumption of fracking.
The government will fund the scheme to reduce the unit cost of energy through increased borrowing. The cost is likely to be around £150bn, although Whitehall sources said estimates would not come until a fiscal statement from the chancellor, Kwasi Kwarteng, expected later this month.
