Business secretary says he will let small suppliers go bust to protect consumers from higher prices
Kwasi Kwarteng, the business secretary, will hold an emergency summit with gas industry chiefs on Monday morning in an effort to contain the fallout caused by soaring market prices on consumers and businesses.
Mid-level suppliers will be placed into administration if they fall into trouble this winter in an attempt to protect consumers from costlier bills, he revealed on Sunday, after spending a frantic weekend thrashing out contingencies for Britain’s looming gas crisis.
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