The expected announcement from the new prime minister on energy bills would reassure markets, said Andrew Bailey - but warned that recession remained the "most likely outcome" for the UK economy.
Ms Truss is working to finalise a multi-billion-pound package to freeze household and businesses' gas and electricity bills, with some estimates that it could cost more than £100bn.
A government source confirmed that the plan is to freeze annual energy bills around the £2,500 mark. It is based on the current £1,971 cap - plus the £400 universal handout announced under Boris Johnson's government.
"I do very much welcome the fact that there will be ...announcements this week because I think that will help to, in a sense, frame policy and that's important," Mr Bailey told MPs on the Treasury select committee.
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