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Treasury preparing emergency cost of living options for next prime minister

The Treasury is working on a menu of options to counter Britain’s cost of living crisis in readiness for an emergency mini-budget due to take place within two weeks if Liz Truss replaces Boris Johnson as prime minister.

by | 1 Sep, 2022

With opinion polls and bookmakers’ odds showing Truss the clear favourite to move into 10 Downing Street next week, officials are drawing up plans that would allow the new government to move quickly over bills and longer-term reforms of the energy market.

Truss has said she wants to announce a package by the end of September but parliament will go into recess on 22 September for the party conference season. That would leave the chancellor, expected to be Kwasi Kwarteng, with little more than a fortnight to choose from a range of measures.
Read more at The Guardian
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