• 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
  • JOBS
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
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Business Secretary to hold ’emergency’ meetings with energy sector executives

It is expected the executives will ask for tax cuts and the relaxation of green levies.

Jack Peat by Jack Peat
2021-12-24 08:13
in Politics
KWASI KWARTENG

Photo: PA

FacebookTwitterLinkedinEmailWhatsapp

The Government will reportedly hold “emergency” meetings with energy industry bosses to address rapidly rising wholesale gas prices.

Business Secretary Kwasi Kwarteng will meet with chief executives of major suppliers on Monday, according to The Times, which reports the bosses are likely to ask for tax cuts and the relaxation of green levies.

Mr Kwarteng, who is also the Energy Secretary, has already been talking to chief executives individually.

Fears of runaway household bills in the new year have been mounting since rising gas prices began bankrupting suppliers in September. Since then, prices have risen from 54p per therm of gas to £4.50.

Since 2019, energy suppliers in the UK have been subject to a price cap put in place by Ofgem, limiting the amount they can charge customers. With the rising prices, many say they were paying more for gas than they could charge.
The cap is moved twice a year based on the price of energy and is due to next be changed in April.

The soaring wholesale prices are due to a combination of problems with global supply chains and could rise as much as 56% according to some predictions from the investment bank Investec.

Related: UK gets more vaccines in six weeks than Africa has all year

RelatedPosts

Dara Ó Briain perfectly sums up Brexit as he takes aim at rightwing critics

Brits in Portugal stuck in ‘post-Brexit limbo’ with no access to healthcare and restricted freedom of movement

Sunak comments dubbed ‘weird’ and ‘dumb’ by Zac Goldsmith

‘Simply stupid’ to describe HGV plan as ‘Brexit bonus’

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

Tory candidate Tom Tugendhat’s policy announcement has left people underwhelmed to say the least

EuroMillions Results for Friday 15 April 2022 Tonight’s winning numbers

2019: The year Corbynmania turned toxic – and so did Britain

Stunning photos show red kites going head-to-head in mid-air tussle

Man had leg amputated after blister from holiday sandal got infected

Spectacular aurora light up the sky in the north

BBC admits to making a “mistake” when it edited footage of audience reactions to Boris Johnson

Video – Michael Moore – “Trump is going to Win”

Watch: Actor Riz Ahmed slams ‘shameful & immoral’ Nationality & Borders Bill

The Greatest Showman OST dominates 2018 album chart

JOBS

FIND MORE JOBS

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
  • JOBS
  • 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.