• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Damian Hinds: Kwasi Kwarteng ‘wasn’t telling porkies’ when promising help

It comes after business secretary Kwasi Kwarteng promised to help UK firms during the energy crisis - but Rishi Sunak's colleagues denied he has been in talks with them.

Andra Maciuca by Andra Maciuca
2021-10-11 12:04
in Business, News, Politics
KWASI KWARTENG

Photo: PA

FacebookTwitterLinkedinEmailWhatsapp

A senior Tory minister insisted that business secretary Kwasi Kwarteng was not “telling porkies” when he promised support for UK businesses throughout the fuel crisis. 

Home Office minister Damian Hinds’ statement comes after Rishi Sunak’s colleagues denied Kwarteng has been in talks with the business department.

Speaking to Sky News, Hinds was asked if Kwarteng has been “telling porkies” – to which he replied “no, of course not”.

Minister of State for Security and Borders Damian Hinds denies that Kwasi Kwarteng "tells porkies" after the business secretary was accused of lying on TV#KayBurley
Read more here: https://t.co/5us7VYkSsA pic.twitter.com/TTrw2kuT1a

— Sky News (@SkyNews) October 11, 2021

‘Global problem’

But pressed to say why the Treasury accused Kwarteng of “making things up in interviews”, Hinds insisted UK’s rising prices are a “global” problem which the business secretary is focused on.  

“I know these unknown sources stories come out from time to time,” Hinds said. 

He added: “The fact is, government departments, government ministers talk to each other the whole time and of course, with an issue like this, with these rising global prices and businesses having to grapple with that, having to deal with it to make sure they break even and can make a margin, of course that is something that the business secretary and, of course, the energy secretary is going to be totally focused on. 

“Something that the Treasury is very focused on as the economic management department of the nation.”

RelatedPosts

Labor win presents ‘great opportunity’ in fight to free Julian Assange

‘A rare Murdoch defeat’: Reaction as Scott Morrison accepts defeat in Australian elections

Trooping the Colour: ‘Multiple injuries’ reported as stand COLLAPSES

Labor topples Conservatives in Australia as Scott Morrison suffers defeat

Boris Johnson’s holiday

Damian Hinds was also asked by Sky News if now is the right time for the prime minister to go on holiday.

“When is the right time?,” he replied. 

He added: “I think it is important that people do have an opportunity to be with their families to have some relaxing, unwinding.

“But I wouldn’t want to overstate the amount of unwinding and relaxing you get to do as prime minister because as I say you are constantly in touch, you are constantly being briefed and you remain in charge of the government.

“What is important for the rest of us actually, for the whole country, is that the prime minister does get to have some family time, does get to have a break.”

Government is ‘not in the business of bailouts’ – Kwarteng

Hinds’ TV appearance comes as the government is going through talks with industries such as steel and paper to cap energy prices in order to avoid factory closures. 

But Kwarteng said last weekend that the government is “not in the business of bailouts”.

The minister seemed to maintain his position of refusing to help energy firms since last month, despite more firms risking going bust because of soaring costs. 

The UK’s sixth biggest energy company, Bulb, was among the firms allegedly looking for a bailout, as a rise in wholesale gas prices is threatening the industry and Brits’ pockets.

Four small energy suppliers have announced they would stop trading so far – and, out of 70 energy suppliers in Britain, there could only be 10 left by the end of this year according to the BBC.

Related: Home Office minister: Johnson’s holiday is ‘important for the whole country’

Minister refuses to bail out energy firms as up to 60 could go bust

Tags: Damian HindsKwarteng

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Why ‘leave no man behind’ can be the wrong call

Covid-19 decision-making ‘shrouded in secrecy’ – top scientist

Brexit: New year changes ‘permanently damage’ EU trade, industry says

SQN Asset Finance Income’s Suniva to benefit from tariff protection

EU accused of ‘wishful thinking’ over claims UK set to compromise

Iran leader refuses US coronavirus help, citing conspiracy theory

Watch: The moment P&O Ferries told 800 staff they had lost their jobs

Adorable Pictures Show Proud Mother Giraffe Nursing Her One-Month Old Baby

Air ambulance scrambled after two men knifed in broad daylight in London

Video – SNP MP Mhairi Black slams Trident renewal

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.