UK govt may provide loans to energy companies

Gas prices in the United Kingdom jumped by as much as 250% since the start of the year, primarily due to last winter pressuring European supplies of stored gas

British Business Secretary Kwasi Kwarteng has held a meeting on Monday discussing the possibility of the government providing emergency loans to energy firms caught by soaring prices of gas, Qazet.az reports citing Teletrader.

Prime Minister Boris Johnson also addressed the issue during his trip to New York, telling reporters that the government "got to try and fix it as fast as it can, make sure that we have the supplies that we want, make sure that we don't allow the companies we rely on to go under."

Gas prices in the United Kingdom jumped by as much as 250% since the start of the year, primarily due to last winter pressuring European supplies of stored gas.