Britons are holding their breath for extra support from the next Prime Minister – most likely to be frontrunner Liz Truss – as tens of millions could fall into fuel poverty. The Ofgem energy regulator will raise the energy price cap, meant to protect energy consumers from excessively high prices, to about £3,500 per year from October 1. A Ukrainian MP laid out a plan for the next Prime Minister to save £500billion and deal another blow to Vladimir Putin’s Kremlin.
Speaking to GB News, Ukrainian MP Kira Rudik said the button the West should be “pushing on right now is to use frozen Russian assets to cover the energy crisis and the support that has been given to Ukraine.
“It’s been $500billion right now in the UK off the confiscated Russian assets.
“So, we need to unfreeze those and use that money.
“There’s no time to wait.”
“There is an ability right now to make this crisis less hard on people, both in the United Kingdom and in Ukraine,” MP Rudik said.
In one of her latest moves as Foreign Secretary, Liz Truss froze assets on two oligarchs’ assets estimate to total up to £10 billion.
“This will prevent these assets from being repatriated to Russia and used to fund Putin’s war machine,” then Foreign Secretary Liz Truss said.
Now frontrunner in the leadership race to become the next Prime Minister, Liz Truss has been under mounting pressure to come up with an energy plan.
READ MORE: Truss set for daunting start as energy bills pressure ramping up