Ed Davey calls for halt to energy price cap increase to avoid ‘catastrophe’

Exclusive: Lib Dem leader says new PM should let government pay 36bn cost in new energy furlough scheme'

Liz Truss or Rishi Sunak should cancel the 1,400 energy price cap increase in October in a new energy furlough scheme" and government should absorb the 36bn cost of the hike, the leader of the Liberal Democrats has said.

Ed Davey said neither candidate appeared to have any policies that grasped the magnitude of what could happen this autumn. We are facing a catastrophe this winter, a drop in living standards unlike anything we have seen in my lifetime," he said.