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The Latest Breaking News from Kwasi Kwarteng

What is a windfall tax and will it be extended to UK energy providers?

Explainer: Up to £4bn could be raised from levy on electricity generators, but ministers are rowing back on idea

The Guardian - UK

Burning imported wood in Drax power plant ‘doesn’t make sense’, says Kwarteng

Drax power plant has taken £5.6bn in subsidies from energy bill payers but business secretary says practice is ‘not sustainable’

The Guardian - UK

Martin Lewis and Gordon Brown pile pressure onto Tories as bills could hit £5000

THE UK Government is coming under more pressure than ever before to get its act together and take action over the ever-growing energy bill crisis.

The National (Scotland)

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UK energy bills could top £5,000 in April, bleak new forecast says

Prediction comes as ministers are set to press energy companies for a solution

The Independent UK

Wait until the autumn for more help on energy bills, says minister

There are growing calls for Boris Johnson and the two Tory leadership contenders bidding to replace him to act now to alleviate a ‘national emergency’

Evening Standard

Rishi Sunak ‘dug heels in’ to resist changes to Brexit red tape, Liz Truss allies claim in fresh attack

Kwasi Kwarteng and Simon Clarke accuse former chancellor of pushing ‘Labour-lite economic policy’

The Independent UK

Rishi Sunak and Liz Truss compete for Tory members’ support in Cheltenham leadership hustings – as it happened

The two candidates are bidding for support from Conservative party members ahead of the final vote for the next PM

The Guardian - UK

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Crunch energy talks today as Tories threaten windfall tax - but Liz Truss doesn't want it

Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng will meet energy firms today and a new windfall tax is thought to be on the table - despite likely PM Liz Truss rejecting the idea

Daily Mirror

Ministers to hold crunch talks with energy bosses over winter price hikes

The Chancellor will press energy company executives to share breakdown of their finances to tackle cost-of-living challenges

The Independent UK

Power companies join clamour for government action on energy bills

Call for urgent action on ‘cataclysmic’ price hikes to avoid damage to mental health

The Independent UK

Martin Lewis warns cost of living 'national crisis' causing 'cataclysmic' risk of lives

“What we’re facing here is a financial emergency that risks lives."

Nottingham Post

Government is watching unprecedented profits, energy companies told

Talks are to be held between the Chancellor, Business Secretary and energy bosses

Evening Standard

UK ministers to meet energy bosses amid talk of toughening up windfall tax

Government admits any policy decisions unlikely to be made before new prime minister announced

The Guardian - UK

Distraught Martin Lewis warns Tory 'bull' on cost of living 'national crisis' risks lives

Money Saving Expert Martin Lewis warned the cost of living is a 'national crisis' like Covid and Rishi Sunak and Liz Truss's plans could 'leave millions destitute and in danger this winter'

Daily Mirror

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The National (Scotland)

Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

Birmingham Post

Pensana appoints project delivery team leads as $10m equity investment confirmed

Next steps after milestone ground-breaking made

Birmingham Post

Orsted to welcome new installation vessel for Hornsea Three as auction deal signed with Business Secretary

Danish collaboration agreed as Orsted turns to Cadeler again with XL scale-up for larger foundations

The Guardian - UK

Sizewell C nuclear plant approval faces legal challenge

Together Against Sizewell C argue permission given by government for power station was granted unlawfully

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The Guardian - UK

Labour attacks ‘zombie government’ as Boris Johnson returns from holiday

PM criticised for nearly week-long break in Slovenia after 15 Whitehall consultations left unanswered

The Guardian - UK

Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

Daily Record

Outrage as Tory minister tells Scots to wait weeks for cost-of-living help

Business Secretary Kwasi Kwarteng said he expects an emergency budget from the next prime minister to contain measures to help people.

The Guardian - UK

Kwasi Kwarteng: the low-tax Tory frontrunner for next chancellor

Truss loyalist is a free marketeer who may clash with public opinion about intervening over cost of living crisis

Evening Standard

Conservative leadership race: ‘Next PM must find billions to help out struggling households’

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

The National (Scotland)

Wait for new PM for more cost-of-living help, says UK Business Secretary

HOUSEHOLDS struggling under the cost-of-living crisis must wait several weeks before the UK Government reveals further support to combat soaring…

The Independent UK

Tax remains key divide as leadership campaigns respond to economic outlook

Liz Truss’s campaign has argued for implementing tax cuts quickly, while the Sunak campaign has warned against too much borrowing.

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