New UK Prime Minister Liz Truss has rejected the idea of using a windfall tax on oil and gas giants to reduce energy bills for households, saying the country will not be able to “tax its way to growth.”
At her first Prime Minister’s Questions in the House of Commons on Wednesday, Truss pledged to set out a plan on the next day to save households and businesses from financial ruin as a result of soaring energy bills.
She said the government will “help to support businesses and people with the immediate price crisis, as well as making sure there are long-term supplies available.”…