After allowing her chancellor to rewrite the government’s energy price plan, Liz Truss has just removed one of her biggest remaining arguments for staying in power.
Yes, reversing the Kwarteng income tax cut, abolishing the dividend tax changes and the VAT-free shopping scheme are very politically painful.
But abandoning the existing energy price cap scheme from April is on a different level of significance and leaves this government holed below the waterline.
Now people’s energy bills will be going up from April, just as millions face bigger mortgage payments too, but this is only one of several problems this decision causes.
Boris Johnson always attempted to make the…
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