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The days after the funeral of Queen Elizabeth II are set to be marked by a flurry of activity from the UK's finance and business ministries.
On Wednesday, the British Business Secretary is expected to set out the details of legislation that will help companies deal with soaring energy costs, while Friday will bring an emergency budget from the new Chancellor.
Tens of billions of pounds in tax cuts and billions more in energy support measures are expected to be announced by Kwarteng and Rees-Mogg in order to stave off a recession and to buffer British households and businesses from soaring energy prices during the winter.
The centerpiece of the Prime Minister's winning campaign was to cut taxes to boost economic growth. The resignation of Boris Johnson made her the new leader of the Conservatives.
According to the Times of London, Kwarteng is reviewing the UK government's fiscal rules ahead of the announcement of tax cuts next week. Current fiscal rules require the government to reduce the debt as a percentage of economic output in order to be in compliance with the tax cuts.
A blanket discount on business energy bills is in the works. Businesses could receive a fixed reduction to their rates under the program.
The spokesman for the Department for Business, Energy and Industrial Strategy wouldn't say anything about the reports.
The government will provide a support package for household energy bills that will cap their energy costs at £2,500 for an average annual bill with the difference between the capped price and the market price covered by a taxpayer funded subsidy to energy companies.
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