Good morning. Very few prime ministers have faced a defining moment as early in their premiership as Liz Truss does today. But Truss’ announcement of her energy bills plan is not only, or even primarily, important for her: after months of uncertainty and anxiety, it will finally set out the protection available to millions of British people as they face the most ominous global economic headwinds in a generation.
Yesterday, the pound fell to its weakest level against the dollar since 1985 as markets digested the scale of the challenge ahead. Today, Truss will explain how her plan will work, and make the case that it is a comprehensive offer to keep the lights on, blunt inflation, and provide a platform for a national economic resurgence.
