Inflation nightmare fixed by Liz Truss after just 48 hours as PM's energy plan curbs rise

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The new Prime Minister has today outlined her plans to help millions of Britons struggling with surging energy costs.

Her intervention is set to help get a grip on the economic crisis currently engulfing the country.

Speaking in the House of Commons, Ms Truss said: “This intervention is expected to curb inflation by up to five percentage points, bringing a reduction in the cost of servicing government debt.”

The latest data from the Office of National Statistics put the rate of inflation at 10.1 percent in July 2022, up from 9.4 percent in the previous period.

It was the highest rate of inflation since February 1982.

Economists have estimated that without Ms Truss’s intervention on energy, inflation could have increased to as much as 18 percent.

More to follow…

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