It looks like ‘plan’ was the wrong word…
The summary:
• Inflation could hit 3-3.5% over coming quarters due to the Iran war.
• Boasted about government investment in renewables for energy security, while claiming domestic oil and gas must “play a role for decades to come”. Still no drilling in the North Sea…
• Committed to speeding up nuclear energy expansion.
• Exploring government-backed indemnities for critical energy projects so construction continues even if legally challenged. Sure…
• Aims to reach a Sanitary and Phytosanitary agreement with the EU this year, which she insists will lower shop prices.
• Meeting supermarket and bank bosses later this week to discuss supporting customers.
• CMA has “stepped up” monitoring of fuel prices and launched a market study into heating oil.
• CMA to be given new “time-limited, targeted powers” under an “anti-profiteering framework” to crack down on ‘price gouging’.
• Said the government is looking at means-tested support rather than universal. No specifics yet, because they haven’t actually worked it out.
