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Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. Keywords: 2672Z@LN; BUSINESS; CMD; EUROPE; GOV; NRG; UK; WORLD EN 2672Z@LN BUSINESS CMD EUROPE GOV NRG UK WORLD RH7SHKT1UM0W Bills for households with average consumption will be capped at £3,549 ($4,189) from Oct. 1, Ofgem said. Truss Vows "Flat-Out" Work; Sunak Targets Poorest: UK Energy Cap. [Extracted from the article]

Truss Vows "Flat-Out" Effort; Solar Demand Surges: UK Energy Cap Demand for Solar Panels Surges (9:13 a.m.) Demand for solar panel installation is rising as British households seek to bring down energy bills ahead of the looming cost hikes. Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. [Extracted from the article]

Zahawi Working on "Options" for Next PM (7:09 a.m.) UK Chancellor of the Exchequer Nadhim Zahawi said he's "working flat out" to develop options for the next prime minister to act on energy bills. Keywords: 2672Z@LN; ALTNRG; BUSINESS; CMD; COS; EUROPE; GOV; INDUSTRIES; NRG; UK; WORLD EN 2672Z@LN ALTNRG BUSINESS CMD COS EUROPE GOV INDUSTRIES NRG UK WORLD RH7QKPT0G1KW Bills for households with average consumption will be capped at £3,549 ($4,189) from Oct. 1, Ofgem said. Truss Vows "Flat-Out" Effort; Solar Demand Surges: UK Energy Cap. [Extracted from the article]

Liz Truss will set out her plan to tackle soaring energy bills on Thursday, using her first significant act as UK prime minister to try to head off the intense pressure she faces to ease an historic cost-of-living crisis. [ABSTRACT FROM AUTHOR]

Prime Minister Liz Truss said she would set out her plan Thursday to help UK households and business facing soaring energy bills, as she ruled out funding the support package with a windfall tax on companies. [ABSTRACT FROM AUTHOR]

Prime Minister Liz Truss said she would set out her plan Thursday to help UK households and business facing soaring energy bills, as she ruled out funding the support package with a windfall tax on companies. [ABSTRACT FROM AUTHOR]

2672Z@LN, BUSINESS, CMD, COS, EUROPE, GEN, GOV, INDUSTRIES, NRG, POL, UK, UTI, WORLD Keywords: 2672Z@LN; BUSINESS; CMD; COS; EUROPE; GEN; GOV; INDUSTRIES; NRG; POL; UK; UTI; WORLD EN 2672Z@LN BUSINESS CMD COS EUROPE GEN GOV INDUSTRIES NRG POL UK UTI WORLD RH7OO5T1UM0W (Bloomberg) -- Liz Truss's campaign to be UK prime minister has appeared straightforward, with promises of tax cuts and optimism in the face of an economic crisis helping her to a comfortable poll lead over Rishi Sunak. [Extracted from the article]

The MP said they're worried a Truss government would turn Britain into an experiment on whether the Laffer curve theory - that lower tax rates can lift government revenues by spurring people to work and invest more - could help solve a cost-of-living crisis. Keywords: 2672Z@LN; ALLTOP; BUSINESS; CMD; COS; EUROPE; GEN; GENTOP; GOV; INDUSTRIES; NRG; POL; UK; UTI; WORLD; WWTOP; WWTOPEU EN 2672Z@LN ALLTOP BUSINESS CMD COS EUROPE GEN GENTOP GOV INDUSTRIES NRG POL UK UTI WORLD WWTOP WWTOPEU RH7OO5T1UM0W (Bloomberg) -- Liz Truss's campaign to be UK prime minister has appeared straightforward, with promises of tax cuts and optimism in the face of an economic crisis helping her to a comfortable poll lead over Rishi Sunak. [Extracted from the article]

On her first full day on the job, UK Prime Minister Liz Truss has managed to evoke the memory of Margaret Thatcher in at least one regard: the sterling-dollar exchange rate. [ABSTRACT FROM AUTHOR]

On her first full day on the job, UK Prime Minister Liz Truss has managed to evoke the memory of Margaret Thatcher in at least one regard: the sterling-dollar exchange rate. [ABSTRACT FROM AUTHOR]

Prime Minister Liz Truss said she would set out her plan Thursday to help UK households and business facing soaring energy bills, as she ruled out funding the support package with a windfall tax on companies. [ABSTRACT FROM AUTHOR]

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The article presents the discussion on marrying conviction to political pragmatism. Topics include Prime Minister presiding over a vastly expensive programme of intervention in capping prices in the wholesale gas market; and manufacturing companies to pubs and shops and care homes facing much steeper rises.

Keywords: 2672Z@LN; ALLTOP; BUSINESS; CMD; CONS; COS; EUROPE; EURTOP; GEN; GOV; INDUSTRIES; LAW; NRG; POL; TOP; UK; UTI; WORLD; WWTOP; WWTOPAM; WWTOPEU EN 2672Z@LN ALLTOP BUSINESS CMD CONS COS EUROPE EURTOP GEN GOV INDUSTRIES LAW NRG POL TOP UK UTI WORLD WWTOP WWTOPAM WWTOPEU RH7Y8MT0AFB6 With just 10 days to go until Boris Johnson's successor as premier and Conservative Party leader is announced, neither candidate has detailed how much assistance they'll provide to families and businesses who face soaring energy costs, despite Chancellor of the Exchequer Nadhim Zahawi conceding that the current support package is "not enough." Sunak, Zahawi's predecessor who as chancellor in May announced a £15 billion support package, has vowed to enhance that. [Extracted from the article]

BOE's Bailey Says Truss Risk Premium on UK Assets is "Gone" (Bloomberg) -- Bank of England Governor Andrew Bailey said the risk premium on UK assets since September is "pretty much gone" but that confidence remains fragile. Bailey confirmed the BOE made a profit of about £3.8 billion from emergency bond purchases it made last year and finished selling off on Jan. 12. [Extracted from the article]

(Bloomberg) -- Bank of England Governor Andrew Bailey said the risk premium on UK assets since September is "pretty much gone" but that confidence remains fragile. Investors dumped UK assets including the pound and government bonds after then-Prime Minister Liz Truss's disastrous budget program set out a series of unfunded tax cuts. BOE's Bailey Says Truss Risk Premium on UK Assets is "Gone". [Extracted from the article]

(Bloomberg) -- Almost nobody was buying offices in London in the final quarter of 2022 as the market turmoil from now-abandoned government spending plans sent borrowing costs soaring. Would-be sellers have yet to mark down their holdings or breach their loan terms, which could pressure them to sell. [Extracted from the article]

- Kitty DonaldsonUK politics editor"I didn't expect Liz Truss to become prime minister. - Joe MayesUK politics reporter Economy "Of the countless things I got wrong this year, my biggest misjudgment was the pound's reaction to Liz Truss becoming prime minister and slashing taxes (or at least trying to). [Extracted from the article]

£25 Billion The amount that Chancellor of the Exchequer Jeremy Hunt, who was parachuted in by a desperate Truss and stayed on under Sunak, then raised taxes in his Nov. 17 Autumn Statement. (Bloomberg) -- From the death of its longest-reigning monarch to the arrival - and departure - of its shortest-serving prime minister, the UK endured a year of political and economic turmoil in 2022. [Extracted from the article]

- Joe MayesUK politics reporter Economy "Of the countless things I got wrong this year, my biggest misjudgment was the pound's reaction to Liz Truss becoming prime minister and slashing taxes (or at least trying to). - Kitty DonaldsonUK politics editor"I didn't expect Liz Truss to become prime minister. [Extracted from the article]

Some of Johnson's allies partly blame Sunak for the former premier's downfall, while Sunak fired many of Truss's supporters from government -- including Clarke -- when he became prime minister, creating a rump of potential trouble-makers. (Bloomberg) -- Former prime ministers Liz Truss and Boris Johnson joined a parliamentary rebellion aiming to overturn England's effective ban on onshore wind farms, creating a fresh headache for UK leader Rishi Sunak. [Extracted from the article]

Some of Johnson's allies partly blame Sunak for the former premier's downfall, while Sunak fired many of Truss's supporters from government -- including Clarke -- when he became prime minister, creating a rump of potential trouble-makers. (Bloomberg) -- Former prime ministers Liz Truss and Boris Johnson joined a parliamentary rebellion aiming to overturn Britain's effective ban on onshore wind farms, creating a fresh headache for UK leader Rishi Sunak. [Extracted from the article]

Kwarteng had an updated forecast on his desk on arriving at the Treasury on Sept. 7, but within two days told the OBR its services would not be needed, Hughes said. (Bloomberg) -- Former UK Chancellor of the Exchequer Kwasi Kwarteng called his ill-judged £45 billion ($53 billion) tax giveaway a "Growth Plan" to avoid having to publish a bleak economic forecast alongside his boosterish September statement, according to the Office for Budget Responsibility. Truss Government Avoided "Budget" Label to Dodge Scrutiny. [Extracted from the article]

(Bloomberg) -- The downwards spiral in pension funds and intervention by the Bank of England to prop up UK government debt was caused by Liz Truss's Mini Budget, Legal & General Plc's chief executive officer and chairman said. There needs to be reflection and assessment of the benefits LDI strategies have offered over the past 20 years compared to stress on the system caused by the gilt market crash to determine how to regulate the market in the future, Kingman said. [Extracted from the article]

Hunt said that instead he would rather boost investment toward Britain's research industries, in an attempt to support knowledge-intensive growth clusters. The UK government reversed one of former Prime Minister Liz Truss's flagship policies, confirming that it won't pursue her vision for low-tax, low-regulation investment zones. [Extracted from the article]

When the removal of stamp duty on property transactions was announced in September, no plan for a complete removal of the tax cut was included. UK Chancellor Jeremy Hunt says the stamp duty tax cut announced in September's "mini-budget" will be reversed in 2025. [Extracted from the article]

Hunt said that instead he would rather boost investment toward Britain's research industries, in an attempt to support knowledge-intensive growth clusters. The UK government reversed one of former Prime Minister Liz Truss's flagship policies, confirming that it won't pursue her vision for low-tax, low-regulation investment zones. [Extracted from the article]

(Bloomberg) -- UK consumer confidence ticked higher for a second month after Prime Minister Rishi Sunak worked to stabilize the economy following the disastrous and short tenure of his predecessor, Liz Truss. UK Consumer Confidence Ticks Up in "Sigh of Relief" After Truss "This month's fillip is likely to reflect nothing more than a collective sigh of relief as a new prime minister takes charge following the alarming fiscal antics we saw in September", said Joe Staton, client strategy director at GfK. [Extracted from the article]

(Bloomberg) -- Bank of England Governor Andrew Bailey said Liz Truss damaged the country's reputation with investors during her weeks as prime minister with unfunded tax giveaway that ultimately caused the collapse of her government The UK's standing "has taken a knock" and it will take time to correct, Bailey told members of Parliament on Wednesday. Asked what the BOE planned to pay its staff, Bailey said the discussions were ongoing but the settlement would be less than 6%. [Extracted from the article]