Gas price rise: Government considering loans for energy firms
BBC News says the government is considering offering emergency state-backed loans to energy companies as firms battle to stay afloat amid surging gas prices.
Smaller suppliers face ruin as price hikes have made their price promises to customers undeliverable.
The process for dealing with failing firms is under pressure as adopting customers has become unattractive for surviving companies due to price rises.
The loans are expected to be offered to encourage firms to take on customers.
https://www.bbc.co.uk/news/business-58620167
……………………
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic