Nadhim Zahawi, the chancellor, and Kwarteng, the business secretary, will meet energy companies today, but multiple government sources said the talks would be with electricity generators to discuss investment, wholesale prices and security of supply rather than a windfall tax.
A business department source made clear that Kwarteng was “against windfall taxes” after he previously opposed the imposition of one when Rishi Sunak when as chancellor brought it in earlier this year.
The source also cast doubt on whether Zahawi “has the authority” to suggest a windfall tax could be imposed, given that no policy decisions are being taken before a new prime minister is in place.
The Treasury is believed to want to ensure that extending the windfall tax remains among the options on the table, but sources appeared to seek to downplay the idea that it was a leading policy.
Companies invited to today’s meeting are expected to include the owner of British Gas, Centrica, E.ON, SSE and National Grid, among others, against a backdrop of soaring household bills and concern that electricity supply could be tight this winter and feed into even higher prices.
Denne historien er fra August 11, 2022-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 11, 2022-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Filter Cast-iron alternatives to Le Creuset for less
Le Creuset's colourful pans have long topped the wishlists of amateur and professional cooks.
Money hacks How to find a pet-sitter you can trust
Unless you have family, a friend or a neighbour who can care for your pet when you're away, you'll need to find a pet-sitter you can trust.
Pensions An A to Z of how to save for your retirement
Everything you need to know to plan for your future and make the most of your finances. Rupert Jones and Hilary Osborne report
'A fork in the road' AI's bid to help on laundry days at Europe's tech summit
This year's Web Summit in Lisbon was all about artificial intelligence and a robot sorting laundry.
Brexit So how could Labour improve EU ties for the sake of growth?
The Bank of England governor, Andrew Bailey, said this week that Brexit had undermined the UK's economy, and urged the government to improve relations with the EU for the sake of growth.
Aviation Flying taxis: destined never to take off?
In a dreary November day in the Cotswolds, the VX4 - a cross between a plane and a helicopter - rose from an airport runway, hovered a few feet off the ground and set back down.
Property firm back in profit as workers return to offices
One of Britain's biggest property developers has provided further evidence of the return to office working, saying occupancy in its central London offices is at an all-time high and the value of its portfolio has returned to growth.
Analysis Summer of dark warnings from the Treasury may have cast a shadow on growth
It was hardly surprising that the chancellor, Rachel Reeves, declared herself \"not satisfied\" with the news that the UK's GDP expanded by a measly 0.1% in the three months to September.
Contracting GDP adds to German woes as general election looms
Germany's looming general election will be fought against the backdrop of a stagnating economy, the European Commission has forecast, with GDP expected to have contracted in 2024.
UK economy slows amid jitters over Labour budget
The UK economy slowed to a near-standstill in the third quarter as uncertainty around Labour's first budget and high interest rates weighed on business and consumer spending.
