New Prime Minister Liz Truss said the UK would ‘ride out the storm’ as she prepares to deliver a multibillion-pound package to help households across the UK cope with soaring energy costs. It is being widely-rumoured that this will include a freeze on the energy cap, which is due to rise from £1,971 to £3,549 in October.
Martin Lewis, who has been at the forefront of challenging energy firms and politicians over soaring costs and households’ inability to continue to keep up with the rising cost of living, has now shared his views on the energy price cap freeze rumours. Taking to social media, the founder of MoneySavingExpert.com posted on Twitter: “Is the Liz Truss administration going to freeze prices at the current level? If so what does it mean for those on the price cap and on fixes, and is it any good?”
In his ‘rough provisional analysis’ of what support may be coming to help millions of households, the consumer champion explains how energy firms have already met the new Liz Truss administration.
