This is the Guardian.

Today, what will Liz Trust's energy plan mean for our bills this winter?

Mr Speaker, I beg to move the motion. Earlier this week, I promised I would deal with the

soaring energy prices faced by families and businesses across the UK.

And today I am delivering on that promise.

Liz Trust was only two days into her new job when she'd make a decision that would cost the

country a fortune. She was looking ahead to a winter where people across the country would

be freezing or pushed into poverty because their energy bills were due to rise suddenly by

thousands of pounds. And so she stood up in the commons and announced that the government

would be borrowing billions in order to cap people's energy bills.

From the first of October, a typical household will pay no more than £2,500 per year for each of

the next two years while we get the energy market back on track.

If you rewind back to the financial crisis when there were real deep concerns about how the banking

sector was going to survive. Barkley's began the steep decline and in the following 40 minutes of

trading shares in the country's biggest banks were sold down and down again.

What happened then was the government stepped in to prop up the finances of the UK's big banks.

In extraordinary times with financial markets ceasing to work, the government cannot just leave

people on their own to be buffeted about. And it did that in tranches, but the first tranche I think

was around about 50 billion. It ended up ballooning. There was a number which was put on it at 137

billion pounds in loans and guarantees. Then fast forward to the Covid pandemic. That's the next

really big significant intervention by a government. And we will remember Rishi Sunak standing up

and saying, today I can announce it for the first time in our history. The government is going

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