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The Latest Breaking News from Kwasi Kwarteng

Finding fossil fuel alternative to Russian oil and gas makes short-term sense

It’s a messy compromise, but the west needs to avoid a recession that would hit its longer term green plans

The Guardian - UK

Labour urges Kwasi Kwarteng to launch legal action against P&O Ferries

Letter to business secretary calls firm’s sacking of 800 workers ‘scandalous’ and a criminal offence

The Guardian - UK

P&O Ferries could face 'criminal' proceedings, UK Government warns amid backlash

Kwasi Kwarteng told the firm it acted 'appallingly' after sacking 800 workers over a video call on Thursday to replace them with agency crews.

Daily Record

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P&O Ferries told it could face unlimited fine if sackings unlawful

Business secretary suggests company appears not to have followed processes for large-scale redundancies

The Guardian - UK

P&O Ferries warned of 'criminal' proceedings in Tory's scathing letter - to wrong man

Business Secretary Kwasi Kwarteng said P&O Ferries had 'lost the trust of the public' and told the firm: 'We would like to understand why you think these rules do not apply to you'. But in a humiliating blunder he sent it to the wrong man

Daily Mirror

P&O Ferries has 'lost the trust of the public' says Business Secretary Kwasi Kwarteng

He said the company's actions had 'given business a bad name'

Wales Online

UK donates power generators to Ukraine to keep essential services running

Britain will donate more than 500 mobile generators to help Ukraine and weaken Russia's attempts to cripple its power supply, Business Secretary Kwasi Kwarteng said on Monday, adding that they would be enough to power 20,000 buildings.

Reuters

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British people willing to suffer ‘hardship’ to help Ukraine, minister says

‘We are facing a difficult time’, says business secretary

The Independent UK

Kwasi Kwarteng: Government ‘will take a precautionary approach’ on shale gas

Labour called for the Government to maintain the moratorium against fracking.

The Independent UK

PM does not think it makes sense to seal shale gas wells, minister says

Business secretary Kwasi Kwarteng’s comments come as No 10 opens door to shift in UK position on fracking

The Guardian - UK

Petrol prices to hit £1.65p per litre 'soon', RAC warns, due to Russia sanctions

Kwasi Kwarteng has promised to phase Russian oil out of Britain by the end of 2022

Chronicle Live

$Kwasi Kwarteng tones down anti-fracking rhetoric after No 10 hints at U-turn – as it happened$

Kwasi Kwarteng tones down anti-fracking rhetoric after No 10 hints at U-turn – as it happened

No 10 has not ruled out lifting the government’s moratorium on fracking, saying ‘all options’ would be considered

The Guardian - UK

Warnings over living costs as sanctions target Russian oil

Business Secretary Kwasi Kwarteng announced on Tuesday the UK will phase out the import of Russian oil and oil products by the end of the year.

The Independent UK

Lib Dems accuse ministers of moving too slowly on Russian oil import ban

Business Secretary Kwasi Kwarteng announced on Tuesday that UK will phase out the import of Russian oil and oil products by the end of the year.

The Independent UK

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Radio France Internationale

EU plans to cut Russian gas imports by two-thirds this year, UK and US to ban Russian oil

The EU wants to vastly reduce Russian gas imports this year, a top official said Tuesday, as political pressure mounts to sever Russia's main economic lifeline over its invasion of Ukraine. In the US, President Joe Biden said he intends to put a stop to Russian oil imports, and Britain's…

The Independent UK

UK to phase out import of Russian oil by end of 2022 in further invasion sanction

Business Secretary Kwasi Kwarteng said it would give ‘more than enough time’ for businesses to adjust.

The Guardian - UK

Volodymyr Zelenskiy tells UK MPs Ukraine will fight ‘in the forests, in the fields, in the streets’ – as it happened

Ukrainian president summons spirit of Winston Churchill and tells MPs his country ‘will fight to the end in the sea, in the air, whatever the costs’

The Guardian - UK

Oil rallies as US and UK announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial news

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The Guardian - UK

Ukraine war prompts European reappraisal of its energy supplies

Analysis: Russian invasion could speed up renewables transition – or lead to disastrous return to coal

The Guardian - UK

UK welcomes Jaguar Land Rover decision to pause Russia exports

Business secretary Kwasi Kwarteng says number of companies are joining in isolating Russia

The Guardian - UK

Is the UK government finally seeing sense on renewables?

Analysis: the business secretary’s energy security wishlist, posted on Twitter, makes a vital intervention in the energy debate

The Guardian - UK

‘It’s about bloody time’: UK finally moves to block Russia’s ‘dirty money’

Analysis: against the backdrop of the invasion of Ukraine, Kwasi Kwarteng announces clean-up measures

The Guardian - UK

Foreign owners of UK properties to be identified in new register

Proposal, which dates from David Cameron era, intended to tackle money laundering but has no date set to take effect

The Guardian - UK

Truss warns of ‘some economic hardship’ as she gives more detail of Russian sanctions – as it happened

Truss says officials ‘working through the night’ to draw up sanctions against oligarchs; Kwasi Kwarteng in Commons on economic crime bill

The Guardian - UK

BP’s ties to Russia draw UK government ‘concern’

Oil firm holds 22% stake in Rosneft, run by Putin’s de facto deputy, and made $2.7bn profit from arrangement last year

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