Utilities, Energy industry, Business, Mergers and acquisitions, UK news Business | The Guardian
The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothingBusiness live – latest updatesOctopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb.Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb. Continue reading…
The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothing
Business live – latest updates
Octopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb.
Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb.
