We expect government help in a crisis. Will Reeves intervene on energy bills this time?
This week Prime Minister Sir Keir Starmer vowed working families were always at the top of the list.
It is possible that a crippling spike in energy costs is on the way.
No one knows how long the war will last.
No one can predict how long oil prices will stay high for.
Another insider in the talks said there was an awareness of the rush of the 2022 energy bailout.
"It really was very, very last minute.
Now, rather than planning on putting anything in yet, they are creating contingency plans. "
That is not as straightforward as it might sound, as one former No 10 official described it.
"There's no good, clear correlation between wealth and energy bills. "
Then there is pressure from some to strip more of the costs from bills that don't go directly to pay for energy itself – like paying to upgrade the grid.
It's not traditionally very conservative to pump billions of pounds into the economy.
They couldn't have found another one because we were telling them to stay at home. "
In the end, government spent about £70bn paying people's wages under the furlough scheme.
"It was very clear something was going to have to be done.
Pubs, nail bars, lots of business would have ceased trading if we hadn't. "
Just like furlough, ministers and officials had no idea how much it would ultimately cost taxpayers.
One recalls: "We had no way of knowing what it cost.
Treasury were giving me costs of £40-£150bn.
I was like, 'Guys, that's not helpful. '
And we had no idea how we would do it. "
One of her team remembers: "I remember Liz saying if the market could swallow hundreds of billions of Covid loans because it felt like the right thing to do, then an energy bailout felt perfectly legitimate. "
Officials had no idea what the costs would be.
Both those big moves were made in a time that felt like an emergency.
Or go round everyone with a begging bowl?"
A ratchet only moves in one direction. "
Maybe the politics of emergencies has created a politics of expectation.
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