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Reuters
Reuters
Business
By Alistair Smout and David Milliken

New UK leader Liz Truss finalises huge power subsidy plan

British Prime Minister Liz Truss sits next to Leader of the House of Commons Penny Mordaunt and Health Secretary Therese Coffey as she attends her first Prime Minister's Questions at the House of Commons in London, Britain, September 7, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

On her first full day as Britain's leader after replacing Boris Johnson, Truss told parliament she would support businesses and households who are bracing for a recession that is forecast to start later this year.

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