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Evening Standard
Evening Standard
World
David Bond

Government is watching unprecedented profits, energy companies told

Chancellor Nadhim Zahawi is coming under pressure over the cost of living crisis

(Picture: PA)

Energy companies were warned on Wednesday that the Government is closely watching their unprecedented profits as ministers come under growing pressure to do more to help ease the growing cost of living crisis.

The warning came ahead of a “roundtable” meeting tomorrow between Chancellor Nadhim Zahawi, Business Secretary Kwasi Kwarteng and the bosses of the UK’s energy suppliers to discuss ways of alleviating the financial squeeze on millions this winter.

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