UK Prime Minister Liz Truss announced on Thursday that the government will cap domestic energy prices for homes and businesses to provide relief from a cost-of-living crisis ahead of winter. European.
In a session in the British Parliament, the prime minister said that the so-called “energy price guarantee” will run for two years and prevent the average household bills from exceeding £2,500 a year for heating and electricity.
The government estimates that the cap will reduce the UK’s rising inflation rate by 4 to 5 percentage points. Inflation reached 10.1% in July and is expected to rise to 13% before the end of the year.
Before the measure, energy bills were forecast to rise to £3,500 a year from October, triple the figure recorded last year.
The war in Ukraine, the effects of the pandemic and Brexit – the country’s exit from the European Union – are behind the energy price.
Source: CNN Brasil
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