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UK's Business Minister Kwarteng: we don't expect a supply emergency this winter
UK'S BUSINESS MINISTER KWARTENG: WE DON'T EXPECT A SUPPLY EMERGENCY THIS WINTER.
— Breaking Market News (@financialjuice) September 20, 2021
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UK'S BUSINESS MINISTER KWARTENG: WE'RE SEEING A SIGNIFICANT INCREASE IN GLOBAL GAS DEMAND.
— Breaking Market News (@financialjuice) September 20, 2021
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Kwasi Kwarteng on gas crisis:
— Steven Swinford (@Steven_Swinford) September 20, 2021
'There's absolutely no question of the lights going out or people being unable to heat their homes
'There'll be no three-day working weeks or throwback to the 1970s. Such thinking is alarmist, unhelpful and completely misguided'
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It's worth noting that the primary issue here is not one of supply, it's one of cost
— Steven Swinford (@Steven_Swinford) September 20, 2021
It's more a question of whether people will be able to *afford* to heat their homes, not whether they can do so or not
Kwarteng says 'protecting consumers is number one focus here'
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Kwasi Kwarteng says that the government 'will not be bailing out failing customers'
— Steven Swinford (@Steven_Swinford) September 20, 2021
He says that there will be 'no reward for failure'
He's effectively criticising companies that have failed to hedge effectively