Boris Johnson Vows to Do ‘Everything We Can’ to Save Energy Firms Amid Price Hike

Boris Johnson Vows to Do ‘Everything We Can’ to Save Energy Firms Amid Price Hike
British Prime Minister Boris Johnson departs the Battle of Britain 81st Anniversary Service of Thanksgiving and Rededication at Westminster Abbey in London on Sept. 19, 2021. John Phillips/Getty Images
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UK Prime Minister Boris Johnson promised on Monday that the government would do everything it could to prevent energy suppliers from going under amid natural gas shortages in Europe.

According to British offshore oil and gas industrial body OGUK, wholesale prices for gas have surged 250 percent since January, with a 70 percent rise since August alone.