Storm clouds Any sense of jubilation may prove to be very short-lived

Liz Truss is facing an economic storm ahead as soaring inflation and energy bills inflict pain on millions of families and businesses. A month ago the new prime minister rejected “handouts” as the best way to help households through the worst income squeeze in 60 years, promising tax cuts and economic reform instead, and has stuck strictly to the script ever since.

But her ambitions to pursue a