Boris Johnson urges energy firms to ease cost of living crisis - but offers no new support after talks

Boris Johnson said he would continue to press on the energy sector to "work on ways" to help ease the cost of living crisis - but announced no new government support after critical talks.
Resisting pressure to act immediately, the outgoing Prime Minister told a meeting with the electricity sector in Downing Street, it will be up to his successor in No 10 to take "important budgetary decisions".
< p>The Treasury said Nadhim Zahawi, the Chancellor, and energy bosses agreed to "work closely" over the coming weeks to ensure vulnerable customers are supported in the face of to rising costs.
In a warning to businesses and amid reports of a tougher windfall tax, he also stressed that the government will continue to assess the measures" appropriate and proportionate" in the face of extraordinary profits.
But Thursday's meeting comes after repeated calls for urgent government intervention - ahead of the conclusion of the Tory leadership race - as pundits warn energy bills could exceed £4,000 this winter.
RecommendedGordon Brown calls on government to drop energy price cap and nationalize companies that cannot slashing bills
Former Labor Prime Minister Gordon Brown has said ministers should scrap energy price caps and temporarily re-nationalize energy companies that are unable to offer customers energy bills energy prices.
And Nicola Sturgeon, Scotland's First Minister, also insisted that the rise in the energy price cap should not continue, as she accused the government of to be "missed in action". ” on the issue.
Following the Downing Street roundtable, Mr Johnson said: “Countries around the world are feeling the impact of Putin’s devastating war in Ukraine.

"We know this winter will be difficult for people in the UK, so we are doing everything we can to support them and must continue to do so."
He said added: "Following our meeting today, we will continue to urge the electricity sector to continue working on ways to alleviate cost of living pressures and to invest more and faster in the British energy security. »
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Politics Aug 11, 2022 0 59 Add to Reading List

Boris Johnson urges energy firms to ease cost of living crisis - but offers no new support after talks

Boris Johnson said he would continue to press on the energy sector to "work on ways" to help ease the cost of living crisis - but announced no new government support after critical talks.

Resisting pressure to act immediately, the outgoing Prime Minister told a meeting with the electricity sector in Downing Street, it will be up to his successor in No 10 to take "important budgetary decisions".

< p>The Treasury said Nadhim Zahawi, the Chancellor, and energy bosses agreed to "work closely" over the coming weeks to ensure vulnerable customers are supported in the face of to rising costs.

In a warning to businesses and amid reports of a tougher windfall tax, he also stressed that the government will continue to assess the measures" appropriate and proportionate" in the face of extraordinary profits.

But Thursday's meeting comes after repeated calls for urgent government intervention - ahead of the conclusion of the Tory leadership race - as pundits warn energy bills could exceed £4,000 this winter.

Recommended Gordon Brown calls on the government to drop the energy price cap and nationalize companies that cannot cut their bills

Gordon Brown calls on government to drop energy price cap and nationalize companies that cannot slashing bills

Former Labor Prime Minister Gordon Brown has said ministers should scrap energy price caps and temporarily re-nationalize energy companies that are unable to offer customers energy bills energy prices.

And Nicola Sturgeon, Scotland's First Minister, also insisted that the rise in the energy price cap should not continue, as she accused the government of to be "missed in action". ” on the issue.

Following the Downing Street roundtable, Mr Johnson said: “Countries around the world are feeling the impact of Putin’s devastating war in Ukraine.

"We know this winter will be difficult for people in the UK, so we are doing everything we can to support them and must continue to do so."

He said added: "Following our meeting today, we will continue to urge the electricity sector to continue working on ways to alleviate cost of living pressures and to invest more and faster in the British energy security. »

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