• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

UK working on support for energy-intensive industries, minister says

October 10, 2021 by David Barret Leave a Comment

October 10, 2021

LONDON (Reuters) – Britain is working out how to support energy-intensive industries hit by soaring gas prices, business minister Kwasi Kwarteng said on Sunday, describing the situation as critical but declining to say what action is being considered.

Producers of steel, glass, ceramics and paper and other sectors have said they may be forced to halt production unless the government does something about energy prices.

“It’s a critical situation clearly,” Kwarteng told the BBC, when asked about possible factory closures.

In a separate interview with Sky News he said: “We’ve got very, very high gas prices, very high electricity prices, we already have support in place for industries, and we’re looking at ways that we can help industry.”

He added he was working with finance minister Rishi Sunak on the matter.

Asked if there might be an energy price cap for industrial users like there is for consumers, he told Times Radio: “That’s not something that we’ve talked about.”

“We’re not in the business of bailouts. What we are in the business of is ensuring security of supply and that’s what I’m focused on.”

Wholesale gas prices have increased 400% this year in Europe, partly due to low stocks and strong demand from Asia.

(Reporting by William James; editing by Jason Neely)

Source Link UK working on support for energy-intensive industries, minister says

David Barret
David Barret

Related posts:

  1. China Evergrande bonds fall sharply on default worries, onshore bond temporarily suspended
  2. Two UK tech figures plan to row the Atlantic for charity supporting minority entrepreneurs
  3. Microsoft now more focused on ‘killing Zoom’ than Slack, says Stewart Butterfield
  4. Jordanian King Abdullah’s property abroad not a secret – palace

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • First-Ever Living Recipient Of A Pig-To-Human Liver Transplant Survived For 171 Days
  • 190-Million-Year-Old “Sword Dragon Of Dorset” Likely The World’s Most Complete Pliensbachian Reptile
  • Acting CDC Director Calls For Splitting Up MMR Shots – But There’s A Reason We Don’t Do That
  • New Species Of Tiny Poison Dart Frog With Stripy Back And Spotty Legs Loves Bamboo
  • Not A Canine, Nor A Feline: Four Incredibly Cute Fossa Pups Have Been Born At A Zoo
  • The Most “Pristine Star” In The Universe May Have Been Identified – Researchers Link It To Elusive “Population III” Stars
  • 78-Million-Year-Old Crater Reveals Asteroid Impacts Can Create Long-Lasting Habitats For Microbial Life
  • 24 Years Of NASA Satellite Data Suggest The World Is Getting Darker, And It’s Happening Faster In The North
  • Two Black Holes Circling Each Other Captured In Image For The Very First Time
  • Rapa Nui’s Famous Moai Statues Really “Walked” – Physics Confirms It
  • Could Dogs Be Taught To Talk With Language? This Lab Wants To Find Out
  • SETI Paper Responds To Claims Interstellar Object 3I/ATLAS Might Be An Alien Spacecraft
  • Rare Chance To See “Pink Meanie” Jellyfish With 20-Meter Tentacles Blooming Off Texas
  • Stranded Dolphins’ Brains Show Signs Of Alzheimer’s-Like Disease
  • Natural Sweetener Stevia Could Help Bolster Common Hair Loss Treatment
  • “Dig Deep, And Persevere”: Number 16, The World’s Longest-Lived Spider, Died Aged 43
  • IFLScience The Big Questions: What Is Time And How Do We Measure It?
  • Marty Goddard: The History Of The Sexual Assault Kit
  • What’s Really Lurking In The Deep Dark Waters Of Loch Ness?
  • Another Comet 3I/ATLAS Record Got Us Asking: How Do We Know An Object Is Interstellar?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version