UK to bail out struggling energy companies – Guardian ...News

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UK to bail out struggling energy companies – Guardian
source : Russia Today ( News ) () 22
They will reportedly receive as much as £40 billion in loans The Bank of England has set up a fund to bail out UK energy companies that face financial difficulties due to rising energy prices, The Guardian reported on Thursday. The bailout fund, which will offer as much as £40 billion ($46 billion) in loans to struggling energy companies, was announced by Prime Minister Liz Truss along with other measures aimed at battling the country’s energy crisis on Thursday. According to Truss, the fund will help energy suppliers pay for power they buy in the wholesale markets, while also letting them insure themselves to pro

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