Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills

by September 1, 2022
September 1, 2022
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills

Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills.

Speaking on Sky News this morning during his tour to the United States, the chancellor accused Russia’s President Vladimir Putin of using energy “as a weapon”.

This comes ahead of the conclusion of the Conservative leadership contest on 4 September, which frontrunner Liz Truss is expected to win, against former chancellor Rishi Sunak.

Zahawi, who met his opposite number in Washington D.C. yesterday, said he was “deeply concerned” about the impending energy crisis but refused to be drawn on specific details about direct help for SMEs and households.

This comes as inflation is set to soar to upwards of 20 per cent, with the energy price cap being raised by more than 80 per cent last week, plunging millions into fuel poverty.

He said “more help is on the way” in addition to the £37bn of support currently set aside by the government as e warned of the “scarring effect” on the economy if firms don’t get the support they deserve.

The Chancellor said “nobody should be cut off” from energy if they couldn’t pay their bills, and that “I’m working with the companies to ensure people who really are struggling” to make sure this doesn’t happen.

He accused Russia’s president Putin of using energy as a weapon, cutting off supplies to Europe while its state-backed energy firm Gazprom announced £8.6bn profits yesterday.

Read more:
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills

0
FacebookTwitterGoogle +Pinterest
previous post
House prices defy forecasts to continue double-digit increase, according to Nationwide
next post
UK SMEs brace for steep rise in redundancies – employment expert warns 

You may also like

New CBI boss Rain Newton Smith doesn’t take...

May 12, 2023

Rural councils compelled to approve more wind and...

August 15, 2024

Nearly a quarter of senior finance professionals fear...

September 18, 2023

Train operators and union leaders criticise draft UK...

April 27, 2023

Only a third of hospitality firms optimistic about...

May 30, 2023

Directors increasingly involved in operations as trust in...

August 14, 2024

The Poker Face of Business: Lessons for UK...

September 5, 2024

America is not the greatest country in the...

April 9, 2025

‘A big moment’: Wales expected to ban single-use...

September 21, 2022

Car industry in reverse as output crashes to...

January 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved