How to help firms survive crippling energy bills

Energy bosses have insisted for some time that a government-backed "superfund" from which they could borrow to lower or freeze bills "is the only game in town" - as one told me last week.How could you do it? There are a couple of ways.

Ovo suggested that richer households would start to pay more on top of the frozen rate as they either earned and used more energy. This would be cheaper but would still run to many tens of billions of pounds according to Ovo's chief executive Stephen Fitzpatrick.The government would guarantee loans drawn from a fund provided by commercial banks, lowering the cost of that borrowing.

Covid-style loans might be unattractive to businesses already stuffed with pandemic-linked borrowing. This then leaves grants as an option which would cost real money rather than a loan guarantee fund, which could be kept off the government spending books. This would be like some of the bank interventions during the financial crisis.

Which only leaves one option - allow suppliers to businesses the same access to the big government fund as domestic suppliers.

Let the free market sort it out...thats the tory way....businesses fail all the time....

Naionalise the energy companies PeopleNotProfit PrivatisationHasFailed NoMore EnoughIsEnough

Hibernate until spring.

Help whom?

Work from home!

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