Incoming PM Liz Truss Drafts $149B Bailout to Freeze UK Energy BillsChris MenahanInformationLiberation Sep. 06, 2022 |
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Incoming Prime Minister Liz Truss, who has touted herself as a Thatcherite "low-tax libertarian who will shrink the British state and revitalize a moribund economy," is drafting plans to freeze UK energy bills through a £130 billion ($149 billion USD) bailout. From Bloomberg, "Truss Drafts £130 Billion Plan to Freeze UK Energy Bills": Incoming Prime Minister Liz Truss has drafted plans to fix annual electricity and gas bills for a typical UK household at or below the current level of £1,971 ($2,300).Sounds like True Libertarianism™! This £130 billion is a small price to pay to fight "Russian aggression."
Look on the bright side, the UK may have to fight a nuclear war with Russia next, at which point high energy costs will be the least of folks' worries!
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