Latest updates: chancellor Jeremy Hunt is set to make a statement this morning reversing more of his predecessor’s mini-budget
According to the Sun’s Harry Cole, Liz Truss and Jeremy Hunt, her new chancellor, may review the energy price guarantee as part of their bid to reassure the markets that the government has got spending under control.
Truss announced the energy price guarantee two days after becoming prime minister. The move, which will cap the unit price for gas and electricity for families for two years, with the result that on average households will pay £2,500 a year, was widely welcomed, although experts said it was more costly than necessary because help was not targeted on those most in need.
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