![]() ![]() Other things in the diary: This morning Kwarteng will meet the chief execs of large banks, insurers and financial institutions to set out what his approach to the economy will be. Treasury officials have been asked to submit reports on which projects within their areas “deliver toward economic growth” (a central principle of Trussonomics) by 10 a.m. No time to lose: It’s not just the chancellor who’s had to burn the midnight oil. Playbook welcomes him to Westminster’s night owls’ collective. 11: Chancellor Kwasi Kwarteng said he was working on finalizing the energy bills plan last night. See how your area is faring by clicking here. These households are more vulnerable to interest rate hikes and cost-of-living increases. **A message from Lowell: The latest update to the UK Financial Vulnerability Index reveals that households, particularly in the North East, are relying more on riskier high-cost loans to pay for everyday expenses. The Mail’s Jason Groves says Truss may also announce an end to the fracking ban on Thursday. The policy is due to be unveiled Thursday. The Times splash puts the cost to the taxpayer at £150 billion. The Times’ Steve Swinford had the latest detail yesterday afternoon, reporting Truss was planning to freeze household energy bills at around the present cap of £1,971 plus the £400 universal handout - adding to a total maximum of about £2,500 a year. Liz gets down to biz: Truss will present Cabinet with her plan on energy bills this morning. The Times Lobby team has a fun read on how Truss’ first day panned out. 10 as Truss paused her reshuffle to hold calls with foreign leaders - first Ukrainian President Volodymyr Zelenskyy and then U.S. More on the appointments below, but there were no surprises.īehind the scenes: Queues of waiting Cabinet ministers-to-be began to form in No. Truss sacked virtually everyone who backed her rival Rishi Sunak and populated the top ranks with full-throated supporters of her project. after last night’s tightly managed reshuffle, which saw ministers stride up and down Downing Street for the benefit of TV cameras even though their appointments had been thrashed out behind the scenes. DRIVING THE DAYīUCKLE UP: Liz Truss will chair the first meeting of her brand new Cabinet of loyalists shortly, before facing the Commons for the first time as prime minister where she will go head-to-head with Keir Starmer.įirst up: Cabinet will meet at 8.30 a.m. Send tips here | Subscribe for free | Listen to Playbook and view in your browser
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