How grateful will people be about Thursday’s energy announcement? There will be relief, yes: the relief of finding the wrecking ball that was about to hit their home has been suspended. But it does nothing to mend the existing holes in their roof, nor warm cold rooms or fill empty fridges. People will still find themselves stricken with energy bills that have already doubled since last year, with all other bills rising with inflation, along with rents and mortgages. Pay growth has stagnated so long that the Resolution Foundation says it will be back at 2003 levels by next year.
So, political gratitude to Liz Truss for the “handout” that she was against last month may be brief, as voters confront the hard winter ahead.