Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ocado to replace founder Steiner as shares plunge 

      Ocado and Openreach lead push against Congestion charge for electric vans

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Manchester City and Chelsea boosted by lawyer’s compensation claims verdict

      Business professional speaking at a conference podium with a projected presentation slide in the background.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 10 August 2022 5:20 pm  |  Updated:  Wednesday 10 August 2022 5:28 pm

Truss accused of U-turn as she opens up to idea of direct cost of living payments

By: Stefan Boscia

Add as a preferred source on Google
Liz Truss Makes Campaign Stop At Life Sciences Lab In Manchester
Foreign Secretary Liz Truss, currently running for the Tory leadership, is taking a hard-line approach when it comes to access to the European science programs.

Liz Truss has been accused of performing another policy U-turn, after the Tory leadership frontrunner hinted she was open to giving households cash payments to ease the cost of living crisis.

Sources on her campaign today said “there is work going on in government on what more can be done” to help people cope with spiralling energy bills and broader inflation and that “Liz has been consistently clear that she will do all that she can to help those struggling with the cost of living”.

It comes after the Tory leadership candidate last week said she preferred tax cuts to help Brits facing cost of living pressures over “handouts”.

Her allies have rowed back on this in the days since and today’s statements appear to show that she is open to giving households more emergency payments amid new predictions that the energy price cap will reach £4,200 by January.

She refused three times today during a GB News people’s forum to rule out giving direct payments to families in autumn or winter.

A spokesperson for her leadership rival Rishi Sunak said “this is a major u-turn on the biggest issue currently facing the country”.

“Twice now, Truss has made a serious moral and political misjudgement on a policy affecting millions of people, after last week reversing plans to cut the pay of teachers and the armed forces outside London,” they said.

Read more

Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race

Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system

“Mistakes like this in government would cost the Conservative party the next General Election.”

Truss has said she will immediately cut National Insurance and temporarily remove green energy levies to “put money back into people’s pockets”.

She said today that people may receive more support if she becomes Prime Minister as a part of a September emergency Budget.

“We don’t yet have a new Prime Minister, that happens in September. I can’t announce exactly what I’ll do at this stage,” she said.

“What I’m determined to do is help people across this country for what will be a very difficult winter.”


Read more

‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Trending Articles

  • Starmer will resign, Trump says

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Iran to close Strait of Hormuz as Trump threatens toll

  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

  • Economic benefit of Heathrow expansion slashed by 90 per cent

More from CityAM

  • Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race

    Tech
    Work and Pensions Secretary Liz Kendall is in charge of reforming the state pension and benefits system
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • Badenoch: City’s risk culture should be ‘championed’ to boost UK growth

    Politics
    Kemi Badenoch speaking at a podium during a press conference, addressing recent policy changes and business initiatives.
  • Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth

    Politics
    Jeremy Hunt has promised to cut more taxes as “hard work is rewarded”.
  • CBI: 200,000 more Brits to face unemployment this year as growth crumbles

    Economics
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
  • Beware a desperate Prime Minister in search of a legacy

    Opinion
    Keir Starmer speaking at London Tech Week conference, discussing innovation and technology advancements in the UK.
  • Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation

    Banking
    Kemi Badenoch discussing strategies for a stronger economy at a business conference podium, emphasizing economic growth
  • LivaNova Appoints Anne Liddy as Chief Legal Officer

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies