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Energy supplier Green has become the latest victim of the crisis engulfing the sector as it collapsed, blaming “unprecedented market conditions and regulatory failings”. Green, which has more than 250,000 customers and 185 staff, confirmed that it would cease trading a day after Sky News revealed that it had lined up advisers to oversee a
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Some of the UK’s biggest energy companies could be offered state-backed loans in return for taking on customers from smaller suppliers if they go under, as soaring global gas prices throw the industry into crisis, the business secretary has told Sky News. Speaking to Kay Burley, Kwasi Kwarteng also said that the carbon dioxide shortage
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UK energy company Bulb is seeking a bailout to stay afloat amid surging wholesale gas prices with Boris Johnson insisting the issues facing the industry are global. A Bulb spokesperson said: “From time to time we explore various opportunities to fund our business plans and further our mission to lower bills and lower CO2. “Like
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Gas supply this winter is “not a cause for immediate concern”, the UK’s business secretary has reassured, following reports that a spike in prices could threaten food production and other industries. Kwasi Kwarteng posted a series of tweets after holding meetings with senior executives from the energy industry to discuss the impact of high global
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A major relaxing of travel rules for people coming in and out of England have been announced by the transport secretary. From 4 October, the current traffic light system of red, amber and green countries will be scrapped and replaced with one red list only. Travel traffic light system scrapped – follow live updates Anywhere
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