Unless I misheard, Truss seems to have clearly confirmed she is keeping Pension Triple Lock - at least, she said she is “committed to it” - but she’s said that about quite a few things that she has now had to U-Turn about.
The new Chancellor was sitting beside her when she said it, so maybe he has ruled out the possibility of ditching the Triple Lock now - perhaps he’s decided they daren’t risk upsetting the Grey Tory Vote!
Mark Menzies (Con) asks for an assurance that fracking companies will not be involved in deciding if there is local consent for fracking.
Truss says there will be a robust system in place for ensuring there is consent for fracking. Jacob Rees-Mogg, the business secretary, will say more about that later today.
I wonder if Truss will resort to the stance that Cleverly attempted the other day: “we acted on the mistakes”. As if they actually did a great job.
Err, no, the mistakes could have been avoided by keeping the senior civil servants at the treasury and involving the OBR before deciding on delivering the mini-budget. In fact, these were exactly the mistakes intentionally made by Truss and Kwertang.
I’d add delusions of competency. Someone at some time must have repeatedly told Truss that she is very, very good at what she does (but just don’t look at the actual results of what you have done, Lizzie, no need, eh?)
Did anyone count the number of references she made to the energy price cap (weird how she didn’t mention that it wouldn’t be extended to 2 years as per her original policy), the NI rate (which has already gone through parliament), or the Railway strike (which is partly down to her gov’s policies anyway)?
What were those light interludes about sporting achievements about? They might just as well got the tubs of ice cream out and walk up and down the aisles selling them along with some cups of orange squash, while an organist came up from the floor to play a ditty or two to fill the time.
Maybe she’s spending the afternoon trying to persuade Hunt not to quit after she made an uncosted and un-agreed policy about the Triple Lock , ad hoc, during PMQ?
If only Blackford had asked a question which would have enabled her to respond about the price cap freeze, then all would have been well. But it put her all off-kilter (there is a Scottish pun, if anyone’s that bothered )
When Rishi resigned as Chancellor, there was £30 billion headroom but by the time Liz was spouting her stuff on the Leadership Campaign Trail, the OBR was warning that this headroom could be halved to £15 billion due to rising inflation.
The cost of Truss and Kwarteng reversing Rishi’s plans to increase the National Insurance levies lost the Government £13 billion of income - it doesn’t take long for a Government to fritter away the other billion or two - that probably went on Liz Truss’s Executive travel arrangements and “Fizz with Liz” expense claims!