Energy crisis: firms will not get much Treasury support, suggests Kwarteng

Business secretary says he has not asked chancellor for significant extra support for struggling companies

The business secretary, Kwasi Kwarteng, has suggested struggling energy and manufacturing companies will not get much more support from the Treasury, saying he was liaising with the chancellor but did not expect billions more in subsidies.

In interviews on Sunday, Kwarteng said the price cap on consumers’ energy bills “will not be moved” this winter and said the UK’s energy supply was secure, though he would not rule out potential disruptions.

Continue reading...

from The Guardian https://ift.tt/3oPeGVU