Truss criticized for proposed measures to overcome the energy crisis

An expert on the IG trading platform has criticized the measures of the new British Prime Minister Liz Truss, who decided to freeze electricity bills for citizens of the country as part of the fight against the energy crisis. The analyst is quoted by the Daily Mail newspaper.

Truss criticized for proposed measures to overcome the energy crisis
Photo source: ria.ru

The publication reports that in the near future Truss will announce the fixing of electricity bills for British households at the level of £ 2.5 thousand. This measure, according to the new prime minister, should be financed by government loans and will probably cost £ 150 billion for taxpayers in the future.

“In the short term, this [energy package] seems like an effective way to inject more confidence and ease the pressure on the Bank of England… but the long term impact will no doubt lead to yet another pile of debt that will eventually have to be paid through higher taxes,” he said. Joshua Mahoney, Senior Market Analyst at IG trading platform, commented on the announced measures.

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