Liz Truss is no conservative
She was touted as the most conservative PM since Maggie Thatcher.
So why is one of her first acts then to put price controls on energy ? That is far from a conservative solution.
Liz Truss to freeze energy bills at £2,500 a year average, funded by borrowing | UK cost of living crisis | The Guardian
Liz Truss energy plan: £1,000 a year off bills as Prime Minister announces ‘extraordinary measures’ (yahoo.com)
Extraordinary challenges call for extraordinary measures, ensuring that the United Kingdom is never in this situation again
Phrases like this are commonly used when pols plan to implement bad socialist policies that usually are paid for by taxes aka wealth redistribution. In this case they will pay utility companies to keep prices down .The cost estimated to be over $120 billion to the Brit taxpayers .
What we call inflation the Brits call cost of living . It is up double digits and energy price is the alleged culprit. Not so fast . Before Russia's invasion of Ukraine, the CPI in the UK was already 6 percent, The war brought the # up . But excluding energy ;the CPI would still be up 7% . Fix the energy prices and the core inflation is still unacceptable .
As with the US ;the reason there is inflation is due to covid stimulus monopoly pounds chasing too few products . It is a demand fueled inflation . That included such things as subsidized wages of furloughed workers ;other income support programs, paid sick leave, massive expansions of NHS funding.They even went so far as to cover the cost of some restaurant meals .
'Eat out to help out' offer contributed to UK second COVID wave: study | Reuters
All this paid for by the devaluation of the pound by the Bank of England.
As in the US ,the Brit is paying the price of do good /feel good /good intention socialism for the unforced error of dictatorial covid mandates .
A conservative solution to the energy problem that she apparently will also embrace eventually (at least she pays lip service to it ) is to get out of the way of energy development .