New UK PM Truss readying a 130bn GBP plan to freeze energy bills

Truss to provide relief on UK energy bills that have been skyrocketing higher in price.

• Truss will set a fixed unit price for energy suppliers to sell gas & electricity to households - energy suppliers will be obliged to charge households a reduced rate for gas & electricity
• the government will guarantee financing to cover the difference
• In conjunction with a green levy cut this will freeze average bills at current level
• costing is approximately £130bn over 18 months

Good news for those struggling. But, the but Is further rate hikes incoming....Markets will read this as another stimulus boost for the economy at a time of already strong inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term. As posted yesterday (and many times prior):

• The more cash she promises (which the market will see as stimulus) the greater pressure it'll create on the Bank of England to hike harder and faster, at the margin.

BoE has been hiking, there is plenty more to come: