We have zero confidence in Kwasi Kwarteng continuing to act as the Business Secretary in the UK, due to the lack of support towards energy suppliers and their customers. In recent news, Kwarteng has had meetings with Ofgem and with large energy suppliers - neglecting smaller suppliers, with customers totalling in the millions and thousands of staff members.

Kwarteng said that small firms would be allowed to go bankrupt, with their customers auctioned off to the company prepared to offer them the cheapest rate (source). We believe that he is unfit for his current role and further action is needed to ensure that the energy market has adequate support.

Due to current wholesale costs and the actions of Kwarteng, customers are most likely to see a big increase in the cost of powering their homes in the coming months. Ofgem made Kwarteng aware of the ongoing pressure to energy suppliers on 26th March 2020.

Four more small energy firms could go bust next week 

‘I don’t think we’ll survive the winter’: a small energy supplier’s call for help

Gas prices: Are energy bills going up and what can I do?

U.K. Energy Firms Locked In Emergency Talks With Government

Ofgem Letter (March 2020)