Britain Politics

New British Prime Minister Liz Truss arrives to make an address outside Downing Street in London Tuesday, Sept. 6, 2022 after returning from Balmoral in Scotland where she was formally appointed by Britain's Queen Elizabeth II. 

LONDON — Prime Minister Liz Truss told Parliament on Wednesday that she would tackle Britain's "very serious" energy crisis while still slashing taxes, ruling out imposing a windfall levy on oil companies to pay for her plans to offset the soaring cost of heating and electricity.

Truss rebuffed opposition calls for a new windfall tax, even as she refrained from explaining how she would fund a plan meant to help the public pay energy bills skyrocketing because of Russia's invasion of Ukraine and the economic aftershocks of COVID-19 and Brexit.

She said during her first session of prime minister's questions that she would set out a plan on Thursday to help with the immediate prices crisis so that people "are able to get through this winter," as well as bolstering Britain's long-term energy security.

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