Liz Truss accepts that the energy crisis will define her premiership if she wins the Conservative leadership contest and held talks with allies this week about a significant package of support.
Ofgem, the energy regulator, is expected to announce this morning that the energy price cap will rise from £1,971 to about £3,500, significantly more than previously forecast. The price rise takes effect from October 1.
Ministers were told yesterday that the rise, driven by Russia’s invasion of Ukraine, would leave millions of people facing destitution and unable to heat their homes or cook food.
The Times has been told that Truss held talks with Kwasi Kwarteng, the business secretary and her prospective chancellor, and other senior members of her team about her plans. The
