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