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Liz Truss has been accused of putting energy company profits before working people after she ruled out imposing a further windfall tax in her first prime minister’s questions.
Sir Keir Starmer, the Labor leader, accused the new prime minister of protecting energy companies and their “vast profits”. Tomorrow Truss will announce plans to freeze energy bills for households and businesses at a cost of £150 billion. The cost will be met by taxpayers.
She argued that extending the present windfall tax would deter investment. “The reality is this country will not be able to tax its way to growth,” she said.
You can watch PMQs with real-time analysis from Matt Chorley and Tim Shipman on Times Radio below.
Starmer told Truss that the Treasury
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