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Kwasi Kwarteng vetoes subsidies for gas supply giants to take on rivals’ clients

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Business secretary ‘categorically’ rules out loans for large suppliers to take on insolvent rivals’ customers

The government has ruled out paying large suppliers to take on the customers left behind by the collapse of smaller rivals after the gas crisis claimed its largest casualty earlier this week.

Kwasi Kwarteng, the business secretary, told MPs in the House of Commons that he could “categorically” rule out any subsidies or grants for larger energy suppliers.

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