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Podcast: Beyond Currency
Episode: 9 September 2022 - Energy fixed at £2.5k for two years
Description: The new Prime Minister remained true to her word and introduced a support plan for domestic consumers. The plan means that no one will pay more than £2,500 a year for their energy for the next two years.
The plan, which will cost between ninety and a hundred billion pound to implement, is expected to add to pressure for higher interest rates.
The new Chancellor of the Exchequer, Kwasi Kwarteng signalled a change to the relationship the Government has with the Bank of England.
Governor Andrew Bailey had expressed his concern recently about the continuing independence of the Central Bank. Although t...