The Business, Energy and Industrial Strategy Committee has accused ministers of refusing to allow Bulb’s administrators to re-hedge prior to Russia’s invasion of Ukraine, exposing taxpayers to £1.3 billion of additional costs from the rescue of the failed supplier. The committee’s chair has written to business and energy secretary Kwasi Kwarteng to ask if the decision taken by ministers in his department or Treasury, and whether the advice of administrators was rejected.
Kwarteng pressed on £1.3bn bill increase for Bulb rescue
