Thursday, October 6

The British prime minister plans to impose a maximum price on the electricity bill

The British Prime Minister, Liz Truss, has announced in her first control session in the House of Commons that this Thursday she will announce her energy plan in Parliament “to help families and businesses”. The British media maintain that the announcement will consist of imposing a maximum price on the electricity bill for households.

Liz Truss, in her first speech as British Prime Minister: “We can weather the storm”

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The Guardian and the BBC report that the cap set for families will be around 2,880 euros per year. Currently the limit is 2,280 euros, but as of October 1 it was scheduled to increase to 4,100 euros. Some analysts suggest that this ceiling could increase in January to 5,780 euros.

The Labor Party had asked for a cap on the electricity bill, but this Wednesday it has criticized the prime minister for the way of financing the plan, since Truss has announced that he is “against taxes on benefits fallen from the sky ” to the electric ones.

Truss has also advocated maintaining a low-tax policy and appears to have rejected the possibility of putting the cost of the plan on consumers’ bills for years to come. In this sense, the new Finance Minister, Kwasi Kwarteng, has indicated that the Executive is prepared to borrow money, according to the BBC.

“Their first move is to borrow more money than is necessary because it rules out a windfall profit tax,” Labor leader Keir Starmer said in the House of Commons. “I look forward to tomorrow’s statement, but the money has to come from somewhere and he knows that every untaxed pound of excess profit is a pound that working people will be forced to pay back for decades to come,” he added.

The cap on the electricity bill would not affect companies, according to The Guardian. Companies that consume a lot of energy can negotiate lower prices than the consumer. The British media maintains that the Government will approve a plan of 46,000 million euros to reduce the cost for business.