Business Secretary Kwasi Kwarteng holds crunch talks with energy bosses as gas and electricity prices soar

Business Secretary Kwasi Kwarteng has held meetings with energy bosses today to address rapidly rising gas and electricity prices.

Mr Kwarteng met with the bosses of major energy suppliers who, it is thought, asked the government forLast week, the industry's trade body Energy UK warned bills could increase by a further 50% without government intervention.It is believed Mr Kwarteng will discuss how to build a more resilient retail energy market with the chief executives of major suppliers on MondayOvo's boss Stephen Fitzpatrick said the government must show more"urgency" in tackling the situation.

"We haven't seen any action from the government or from the regulator. There's an acceptance that there's a problem, but nowhere near enough urgency to find a solution," he said.

Delay and Dither - the Tory Party Moto

These are energy resellers, they were created to make a quick quid, sucked all the profits from their companies and had nothing to call on. Next.....

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My wish for the business world in 2022? More trust and less bureaucracy'My three wishes are a new year trilogy of highly unlikely dreams that aim to create a watershed in the cause of common sense, while flying in the face of modern management’s “best practice”.' | Writes John Timpson
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