Saturday, September 23, 2023
News Media Empire
  • About Us
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Home
  • World News
  • Politics
  • Business & Economy
  • Money
  • Science & Tech
  • Opinion
  • Lifestyle
  • Health
  • Sports
  • Entertainment
  • Crypto
No Result
View All Result
  • Home
  • World News
  • Politics
  • Business & Economy
  • Money
  • Science & Tech
  • Opinion
  • Lifestyle
  • Health
  • Sports
  • Entertainment
  • Crypto
No Result
View All Result
News Media Empire
No Result
View All Result
Home Politics

Bizarre government row breaks out over energy crisis as Boris Johnson jets off to Spain

October 10, 2021
in Politics
0
Business Secretary Kwasi Kwarteng was rebuked by the Treasury
0
SHARES
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


A Treasury source slapped down Business Secretary Kwasi Kwarteng for claiming he was in talks with Chancellor Rishi Sunak over support for industry

Business Secretary Kwasi Kwarteng was rebuked by the Treasury (

Image: REUTERS)

Top Tories have descended into infighting over whether firms will get support to weather the energy crisis as Boris Johnson jetted off for a sunshine break.

The Prime Minister has flown to Spain for a holiday with his wife Carrie and young son Wilf – leaving ministers squabbling in his absence.

Treasury sources effectively accused Business Secretary Kwasi Kwarteng of lying when he indicated he was in talks with Chancellor Rishi Sunak on how to resolve the crisis.

Mr Kwarteng said he had not approached the Treasury about subsidies for firms but told Sky News: “What I’m very clear about is we need to help them get through this situation – it’s a difficult situation, gas prices, electricity prices are at very high levels right across the world.

“Of course I’m speaking to Government colleagues particularly in the Treasury to try and see a way through this.”

But a Treasury source told the Mirror: “The Treasury has not been involved, contrary to what the Business Secretary said this morning.”








Chancellor Rishi Sunak is gearing up for the Autumn Budget and the Spending Review later this month
(

Image:

Getty Images)



It comes as Mr Sunak gears up for the Autumn Budget and the Spending Review later this month.

Labour’s Rachel Reeves demanded to know what the Government was doing if it wasn’t trying to support vital industries through the crisis.

The Shadow Chancellor said: “If the Treasury isn’t in talks with BEIS to help our vital industries during this Conservative government’s energy crisis, then why on Earth aren’t they?

“What is the Chancellor actually doing?”

Mr Kwarteng was reportedly warned by industry bosses last week that some factories were days from being forced into temporary closure due to spiralling costs of wholesale gas.

Calls have been made for extra support by energy-intensive industries, such as steel manufacturers.

Told it sounded like he was giving them support, Mr Kwarteng told the BBC: “No, that doesn’t sound like yes at all. We already have existing support and we’re looking to see if that’s sufficient to get us through this situation.”

The Government recently intervened to bail out US-owned CF Industries after the fertiliser giant temporarily suspended operations at two British plants due to spiralling gas prices.


Boris Johnson jets off on holiday as Brits face soaring bills, cuts and shortages crisis




Extra 2,000 HGV drivers to be fast-tracked – but not in time for Christmas



Meanwhile, Mr Kwarteng insisted the lights will stay on over the winter as the Energy UK industry body warned that more suppliers will collapse.

The minister guaranteed he will keep the energy price cap for consumers in place throughout the winter but said he will not “bail out failing energy suppliers”.

Labour accused the Government of “putting its out of office on” as Brits face a cost of living crisis, with soaring energy bills, benefit cuts, and fuel and food shortages.

Shadow chief secretary to the Treasury Bridget Phillipson said: “The Prime Minister has gone on holiday, no one knows where the Chancellor is, and this morning we understand the Business Secretary has entered the realms of fantasy.”

UK Steel director general Gareth Stace warned the Government that a failure to act “may result in long-term damage to the future of the steel industry”.

“Heading into the winter months, increasing prices could result in extended shutdowns, damage to equipment, loss of export opportunities and market share at home, and a loss of talent and employment,” he added.

Energy UK chief executive Emma Pinchbeck warned that “exposed” businesses such as energy-intensive users and retailers will be the worst hit.

“We are expecting more retailers to go out of business this winter,” she said.

“The issue is how many are failing at once and whether or not our mechanisms, which are in place to look after customers when that happens, are up for that many failures in one go.”


Read More

Six major crises going on in the UK as Boris Johnson jets off on holiday




Read More

Boris Johnson ‘not in control’ and ‘lurching from crisis to crisis’, says ex-deputy PM







Source link

Get Free Advertise Coin
Tags: Boris JohnsonEnergy billsgas pricesPoliticsThe Treasury
Previous Post

Lebanon electricity back online after army supplies fuel | Fin24

Next Post

Blood clot: Four signs in your arm – ‘alert your doctor as soon as possible’

Related Posts

'If we want another generation of England stars then we need to invest in this one'
Politics

'If we want another generation of England stars then we need to invest in this one'

September 22, 2023
Smoking could be banned in 'new plans to phase out smokers' by Rishi Sunak
Politics

Smoking could be banned in 'new plans to phase out smokers' by Rishi Sunak

September 22, 2023
'Girls must be given same chance to play football or we'll wreck Lionesses' legacy'
Politics

'Girls must be given same chance to play football or we'll wreck Lionesses' legacy'

September 22, 2023
Next Post
Blood clot: Four signs in your arm - 'alert your doctor as soon as possible'

Blood clot: Four signs in your arm - 'alert your doctor as soon as possible'

COMMENTARY: The world is suffering from a shortage of vinyl records and massive price shocks - National | Globalnews.ca

COMMENTARY: The world is suffering from a shortage of vinyl records and massive price shocks - National | Globalnews.ca

A workman refills the petrol storage tanks at a BP petrol station.

No solution in UK govt talks with industry on gas prices | Fin24

Discussion about this post

AdvertiseCoin ADCO Get Now Free
News Media Empire

Newsmediaempire is an online news source that provides the latest news and other information about everything that you must need to know. It publishes news related to various fields like world, business, sports, politics, tech, health, lifestyle, and other different exclusive stories.

Let's connect!

Categories

  • Business & Economy
  • Crypto
  • Entertainment
  • Health
  • Lifestyle
  • Money
  • Opinion
  • Politics
  • Science & Tech
  • Sports
  • World News

Recent News

  • Man City boss Pep Guardiola jokes Erling Haaland’s form is causing him sleepless nights September 23, 2023
  • Inside the M&S Beauty Advent Calendar for 2023, including our Beauty Editor’s favourite products September 23, 2023
  • Return to downtown is important as fall arrives, ships depart | Op-Ed September 22, 2023

Join Our Newsletter!

    • About Us
    • Contact
    • Privacy Policy
    • Terms & Conditions

    newsmediaempire.com © 2021 All rights reserved.

    No Result
    View All Result
    • About Us
    • Contact
    • Home 1
    • Home 2
    • Home 3
    • Privacy Policy
    • Random
    • Sample Page
    • Terms & Conditions

    newsmediaempire.com © 2021 All rights reserved.

    en English
    ar Arabicbg Bulgarianzh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.