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UK PM to announce debt-funded energy bailout

LONDON — Britain’s new Prime Minister Liz Truss has said her government will unveil a major bailout to help households and businesses survive a spike in energy prices sparked by war in Ukraine, but she ruled out any new exceptional tax on energy companies.

In her first appearance as Prime Minister in the House of Commons on Wednesday, Ms Truss promised her government would help British households and businesses struggling with high inflation and soaring energy costs by capping their bills and cutting taxes, which she said would spur a slowdown. economy. “The reality is that this country will not be able to tax its way to growth,” she told lawmakers.


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