Tory leadership contest favourite Liz Truss vows ‘immediate action’ on energy bills if she becomes PM

The favourite to win the race for 10 Downing Street has vowed to set out 'immediate action' on energy bills in her first week of office, should she be named Prime Minister. Liz Truss is widely expected to pip Rishi Sunak to the post as Conservative party leader when the winner is announced on Monday (September 5).

The Foreign Secretary insists she is capable of making 'difficult decisions' as the country is gripped with a cost of living crisis. Boris Johnson's 'zombie government' has come in for widespread criticism over the summer with announcements on additional support for families and businesses lacking.

Energy bills are expected to rise to around £3,500 this winter for the average household, while Labour has announced what it would do to freeze bills if it was in power. But writing in tomorrow's Sunday Telegraph , Tory leadership frontrunner Ms Truss says she would appoint a council of economic advisers to help guide her and her chancellor.

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She wrote: “I understand how challenging the cost of living crisis is for everyone. These are tough times and the months ahead will be hard."

Ms Truss says that she will take 'immediate action' to tackle the cost-of-living crisis for families and businesses, while also delivering a 'broader plan to get our economy growing, make it more resilient and make it more competitive'.

“If elected, I plan within the first week of my new administration to set out our immediate action on energy bills and energy supply," she wrote. "A fiscal event would follow later this month from my chancellor, with a broader package of action on the economy."

Ms Truss added: “We need to