Newspaper headlines: 'Cap on energy profits' and 'move bank holiday'

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Newspaper headlines: 'Cap on energy profits' and 'move bank holiday'
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Wednesday's newspapers lead on government plans to put a cap on the profits of energy companies.

Prime Minister Liz Truss is attempting to silence rebels by capping profits made by electricity companies, the i reports. Business Secretary Jacob Rees-Mogg says the move will cut bills because rising wholesale gas prices will no longer dictate electricity prices - bringing the UK into line with much of the EU. It comes as Tory MPs tell Ms Truss and Chancellor Kwasi Kwarteng to change their tax-cutting plans or risk losing a Commons majority.

The ceremony will take place on 6 May for the monarch and the Queen Consort, and is likely to take one hour rather than over three hours for his mother's, the paper writes. It quotes an aide saying "everyone is very aware" of the financial pressures facing the country."Now move bank holiday for the coronation" writes the Daily Mail as it reports on a call for MPs to change the date of the early May bank holiday.

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