HARD-UP families suffered another blow today as fat cat energy bosses and the government failed to find a solution to soaring electricity prices.
With energy bills predicted to hit a staggering £5,000 next year, a roundtable discussion between industry and the government was held at No10.
Boris Johnson, Chancellor Nadhim Zahawi and Energy Secretary Kwasi Kwarteng were all present.
Together they urged energy bosses to “act in the interest of the country” as prices rocket, in part because of the war in Ukraine.
But no major policy decisions, such as a second windfall tax, were made.
Despite calls for immediate action, the PM repeated his view that any further interventions will be up to his replacement.
Liz Truss and Rishi Sunak agree that it should be for one of them to decide what happens next.
Mr Zahawi said told fat cats that the government will continue monitoring their company’s “extraordinary profits” and how the money is being used.
The PM stressed that especially in the face of Russia’s invasion of Ukraine it is important government and industry works together “in the national interest”.
The Chancellor said: “This morning I hosted industry leaders from the electricity sector to discuss what more they can do to work with government and act in the interest of the country in the face of rising prices caused by Putin’s illegal invasion of Ukraine.”
The PM said: “Following our meeting today, we will keep urging the electricity sector to continue working on ways we can ease the cost-of-living pressures and to invest further and faster in British energy security.”