UK pivots

To cure rising prices the UK is starting the money printing presses:

The huge support scheme could cost up to £150bn, but Ms Truss refused to put a figure on it, saying “extraordinary times call for extraordinary measures”.

https://www.bbc.co.uk/news/business-62831698

1 Like

Speaking of pivots…

Liz Truss lifts ban on fracking in Tory manifesto U-turn
https://news.yahoo.com/liz-truss-lifts-ban-fracking-11074821…
“It is vital that we take steps to increase our domestic energy supply,” she told parliament. “We will end the moratorium on extracting our huge reserves of shale which could get gas flowing as soon as six months where there is local support for it.”

The prime minister has also announced a new licensing round for new North Sea oil and gas, she expects more than 100 licenses to be awarded.

DB2

5 Likes