In the news

Good news continues to filter through on energy

The Whitehall financial watchdog had predicted the government could lose up to £6.5bn as a result of Bulb’s 2021 failure, which prompted one of the largest state rescues of a business since the financial crisis. But Stuart Jackson, chief financial officer and a co-founder of Octopus, said on Wednesday that the company had estimated the payback meant the cost to taxpayers would be just £260mn.

https://www.ft.com/content/d77c3c89-fc79-4bc4-a012-c8bed968b66a