LONDON, England - Newly appointed UK prime minister Liz Truss said she would take immediate action in her first week to tackle rising energy bills and increase energy supplies.
Truss is facing a long recession, double-digit inflation and industrial unrest upon entering office.
Truss wrote in the Sunday Telegraph that she understands the challenges of the cost of living crisis and that she would take decisive action to make sure families and businesses can get through this winter and the next. Within the first week of my new administration, I plan to take action on energy bills and energy supply. She said that there would be a fiscal event later this month from my Chancellor, with a broader package of action on the economy.
She said her approach would be twofold, taking immediate action to deal with the cost of living crisis and drafting a plan to deliver economic growth.
We need to take the hard decisions to make sure we are not in this position every autumn and winter. Sticking plasters and kicking the can down the road won't do anything. She wrote that she was ready to take the tough decisions to rebuild our economy.