- Analytics
- News and Tools
- Market News
- UK PM Truss: Government introduces two-year energy price guarantee
UK PM Truss: Government introduces two-year energy price guarantee
British Prime Minister Liz Truss announced on Thursday the government will introduce a two-year "energy price guarantee" and explained that a typical household will pay no more than £2,500 a year on energy bills.
Additional takeaways
"Guarantee supersedes OFGEM price cap."
"We will deliver this by securing the wholesale price for energy."
"We will support the country through this winter and next."
"We will support all businesses, charities and public sector bodies with energy costs for 6 months."
"Vulnerable sectors including hospitality will get longer support."
"Energy bills are going to be affordable, we will not give in to calls for a windfall tax."
"Energy support scheme will boost growth."
"Energy intervention expected to curb peak inflation by up to 5 percentage points."
"Treasury announcing a joint scheme working with BOE to address extraordinary liquidity requirements faced by energy firms, worth £40 billion."
Market reaction
GBP/USD staged a rebound on these comments and was last seen trading flat on the day at 1.1525.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
