In the UK, Liz Truss will announce a major plan to support the economy

Published on: 08/09/2022 – 09:21Modified on: 08/09/2022 – 09:25 The new British Prime Minister is due to announce on Thursday a series of measures aimed at sparing English households in the face of the spectacular rise in prices energy and inflation. This massive aid should cost around 100 billion pounds, according to the press. Defenders of the environment are already denouncing the apparent absence of any savings measure in this back-to-school plan. First big test for Liz Truss. Two days after receiving the keys to Downing Street, the new British Prime Minister will unveil, Thursday, September 8, a massive aid package for households and businesses in the face of soaring inflation and energy prices The leader should announce around 10:00 GMT in Parliament a freeze on energy bills in Great Britain and measures which should in total cost around 100 billion pounds, according to the British press. Astronomical amounts that rival the scale of the measures adopted during the pandemic. The new Prime Minister, a conservative Thatcherite tendency, should at the same time confirm tax cuts to stimulate an economy promised to recession at the end of the year. She also refuses to extend a tax on the enormous profits of the oil giants, in order to encourage investment and extraction in the North Sea. A lifting of the moratorium on “fracking” (hydraulic fracturing to extract shale oil and gas) may also be on the agenda, according to some British media, even if his predecessor Boris Johnson was doubtful about the interest of such a step. Wednesday, during its first parliamentary question session. The ceiling on energy bills for individuals should in theory increase by 80% on 1 October. It has doubled over a year and, if left unchecked, is expected to rise further next year to around £5,000 a year for an average household, according to estimates, fueling runaway double-digit inflation .Economists, NGOs, trade unions and even energy companies have constantly warned that a majority of British households risk falling into great precariousness this winter. bills for an average household, which represents, according to several media including the Times, a colossal expenditure of 150 billion pounds, which would be financed by debt. It’s more than the £70billion spent on paying the wages of furloughed workers for the duration of the pandemic. It’s also a drastic shift from the campaign led by Liz Truss, which described direct aid like “band-aids” that would not solve the basic problems. Infrastructure managers, energy specialists and environmentalists also denounce the apparent absence of any energy saving measure by Liz Truss. They urgently call for policies to insulate British buildings, which for many are veritable thermal sieves. With AFP