Business

The transport secretary has said motorists should “carry on as normal” when it comes to buying fuel, after BP closed some of its petrol stations due to supply issues. The energy giant said tens of forecourts in its 1,200-strong network were experiencing shortages – blamed on the nationwide lack of HGV drivers – while rival
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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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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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