Ms Truss, who only replaced Boris Johnson as Prime Minister last week, saw her political plans veer off track after she was informed of the Queen’s death last Thursday. However, Britain’s third female Prime Minister has now faced mounting calls to detail her plan to deal with the energy price crisis before the House of Commons breaks up for party conference season.
The Queen’s death and subsequent period of national mourning appear to have completely overshadowed Ms Truss’ £150billion price cap announcement.
Ms Truss is expected to travel to the United Nations general assembly in New York shortly after the Queen’s funeral next Monday and return in time to sit alongside Chancellor Kwasi Kwarteng as he delivers his so-called fiscal event.
According to the Guardian, the Prime Minister’s spokesperson said she was still planning to hold a fiscal event this month.
The Government is expected to announce it will reverse the recent national insurance contribution hike and could even look to ditch the planned increase in corporation tax during the fiscal event.
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Paul Johnson, director at the Institute for Fiscal Studies, claimed Truss’ Government will have to come up with a better version of the energy price guarantee next year because the current plan was “incredibly expensive” and “totally untargeted”.
However, Tory MPs have also put pressure on Ms Truss to set out her plans in full.
Ex-Brexit Secretary David Davis said: “The truth is the public thinks about politics less than 10 percent of the time.
“But this is different because this is about their own frightening winter bills, and I mean frightening.
“We need to tackle the cost of living crisis and energy shortage before then.”
- The Guardian has claimed the conference recess could be cut by one week to help ensure MPs can get back to work at a time when the public are worried about the soaring cost of living.