At a meeting with electricity companies, Nadhim Zahawi said the cost of living crisis was “not just the government’s problem”Energy companies have been told to use their “huge” profits to help consumers or risk further windfall taxes. Boris Johnson unexpectedly joined a meeting of big energy producers yesterday and said they must do more to help people struggling to pay their bills. SponsoredAfter analysis predicted that energy bills could top £5,000 next year, Nadhim Zahawi, the chancellor, told the big electricity companies the cost of living crisis was “not just the government’s problem”. Urging a “spirit of national unity”, he challenged energy bosses to come up with ways to soften the impact of soaring bills. With prices rising, ministers are said to have “implied” that a windfall tax levied on oil and gas companies could be extended to electricity generation if suppliers’ actions were

Source: The Times August 11, 2022 23:17 UTC