British Prime Minister Liz Truss said she would set out plans to tackle soaring energy bills on Thursday but would not impose a new windfall tax on energy producers, with borrowing instead set to increase to fund the costly intervention.
Truss, appointed prime minister on Tuesday, has promised immediate action to address one of the most daunting sets of challenges for an incoming leader in post-war history, including soaring energy bills, a looming recession and industrial strife.
