Britain's Chancellor of the Exchequer Nadhim Zahawi visits Broughton Airbus plant with British Prime Minister Boris Johnson (not pictured), in Chester, Britain, August 12, 2022. The Treasury has previously said it is working on energy support options for the country's new leader to consider. Current Prime Minister Boris Johnson, whose successor will be named on Sept. 5, has said he will make no new fiscal commitments before he leaves office. The new measures are being worked on to be ready for when either Liz Truss or Rishi Sunak is announced as the new prime minister, the Times said citing a senior government source. Truss has argued that lowering taxes as soon as possible is the best way out of the current squeeze.

Source: The Times August 14, 2022 05:41 UTC