Action that is 'big and bold' enough to match the scale of the cost of living crisis is needed a group representing small businesses says.

Speaking after Liz Truss won the Conservative Party leadership contest, FSB Development Manager for Dorset Nicky Kildunne, said: “Small firms, not protected by an energy price cap, are seeing bills soaring out of control. This is at a time of sky-high taxes, rampant inflation and supply chain disruption, creating a toxic mix which must be addressed urgently.

“Small businesses are crying out for a comprehensive response which cuts taxes, limits spiralling bills, and provides direct cash support for the smallest businesses.

“During the leadership campaign we were pleased that Liz Truss listened to our calls to reverse the recent hike in National Insurance and to look at lifting more small firms out of business rates.

“As she prepares her full package of emergency plans, we are ready and willing to work with the new Prime Minister and her team to protect the UK’s 5.5 million small businesses and the 16 million jobs within them, in communities in all parts of the UK.”

Meanwhile, countryside campaigners say they are looking forward to working with the government to ensure 'positive progress for our countryside and rural communities at a time of multiple crises'.

Tom Fyans, director of campaigns and policy at CPRE, said: "Rural communities are acutely vulnerable to soaring energy bills. Many using heating oil are not covered by the price cap and must be included in this winter’s support package. There is a clear consensus on what is needed: immediate financial support to help struggling families and businesses through the immediate crisis combined with a rapid roll out of renewables. There has never been a better time to transform our energy infrastructure to ensure a future of abundant green power."