Foreign Office Minister James Cleverly says the government are working to 'protect consumers from a global increase in gas prices', adding the government will continue to have meetings with the sector after energy company Bulb is seeking a bailout.
On Sunday, following a meeting with Ofgem, Mr Kwarteng said"well-rehearsed plans" were in place to ensure consumers were not cut off in the event of further failures.
The Financial Times reported the industry wants the creation of a so-called"bad bank" to absorb unprofitable customers from firms that fail.Meanwhile, Britain's supply chain problems could last for months, the prime minister has warned. "The guy ropes are coming off Gulliver and it's standing up, and it's going to take a while, as it were, for the circulation to adjust," the prime minister said.Asked whether the shortages could last for months, the prime minister said:"It could be faster than that, it could be much faster, but there are problems as you know with shipping, with containers, with staff - there are all sorts of problems.
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