Published 2 years ago

Energy price guarantee could cost taxpayer £140bn in 'extreme' scenario, market expert warns

Summary by Ground News

The Guardian says Liz Truss’s intervention to freeze energy prices for two years is expected to cost the government £89bn. The analysis from Cornwall Insight, seen exclusively by the Guardian, shows the plan could cost as much as £140bn in a worst-case scenario. Truss announced in early September that the average annual bill for a typical household would be capped at £2,500.

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The Guardian

UK price cap on household energy bills expected to cost £89bn

Exclusive: Liz Truss’s intervention to freeze domestic energy bills could cost between £72bn and £140bn, analysis finds

2 years ago·London, United Kingdom

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Sky News UK

Energy price guarantee could cost taxpayer £140bn in 'extreme' scenario, market expert warns

The government is urged to develop a wider strategy to deal with rocketing energy costs as its policy currently leaves it "hostage to surprises", according to Cornwall Insight.

2 years ago·United Kingdom

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Hargreaves Lansdown

The Guardian: UK price cap on household energy bills expected to cost £89bn

Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.

2 years ago

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