“The reality is most of the companies, if not all of them that have sadly failed, have done so because they were selling long-term energy contracts but buying short-term energy, and so when the wholesale cost rose, they weren’t able to deliver on the prices they promised or even on the price cap,” said Mr Jackson.
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Labour: Save Liberty Steel before it goes bust
admin, , Business, 0
“Labour is calling on ministers to intervene early before liquidation to save workers jobs, terms and conditions, and give...
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Budget 2021: ‘Scrooge Sunak not levelling with people’ on cuts
admin, , Business, 0
That argument will be settled in the run-up to a Spending Review. If anything, the medium-term pressures on public...
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China halts youth jobless data as economy falters
admin, , Business, 0
One user said: “Covering your mouth and closing your eyes, can that really solve problems? With flexible employment, slow...
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Energy firms’ collapse hits 1.5 million customers
admin, , Business, 0
Igloo, for example, has said it is working with restructuring consultants Alvarez & Marsal, although it told the BBC...
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Greensill lobbying row: Rishi Sunak texts to David Cameron released
admin, , Business, 0
But Labour’s shadow chancellor, Anneliese Dodds, said the messages “raise very serious questions about whether the chancellor may have...
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Monzo bank in money laundering rules investigation
admin, , Business, 0
“In May 2021, the FCA notified us that it had started an investigation into our compliance with the Money...
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Post Office scandal victims to get more money
admin, , Business, 0
The Postal Affairs Minister, Paul Scully, announced in March that this group would be put on a level pegging...
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Sunak: Ministers doing all we can to fix supplies for shops
admin, , Business, 0
The Chancellor said shoppers “should be reassured” the government is working to fix port delays.
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