While very little was achieved in Liz Truss’s disastrous 45-day stint as British prime minister, she did freeze Ofgem’s energy price cap at £2,500, initially for two years before her second chancellor, Jeremy Hunt, cut it back to six months.
Had she not done so, the cap, the maximum amount utility providers can charge their standard tariff customers, would have risen to £3,549 a year from 1 October, an astounding 80 per cent hike.
