MP for Spelthorne. Business & Energy Secretary.

London, United Kingdom
Joined March 2016
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Kwasi Kwarteng retweeted
The government support package announced today is what we needed. There are no magic bullets in a global crisis but the combo of universal and targeted support is a sensible use of funds and will make a critical difference to millions of people and help protect our economy.
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Kwasi Kwarteng retweeted
Today's cost of living support is worth more than £15 billion and will help families deal with rising costs whilst supporting the most vulnerable in our society. This is on top of the £22 billion announced in the spring.
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Very proud to support this investment 🇬🇧👇🏾
FILTON | Airbus is working with @beisgovuk and @UKAeroInstitute to strengthen its presence in 🇬🇧 with the launch of a Zero Emissions Development Centre (ZEDC) for #Hydrogen technologies in #Filton #netzero #JetZero # ZEROe fly.airbus.com/3PIPknG
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Kwasi Kwarteng retweeted
The acquisition by Altice of 6% of shares in BT has been called-in for a full national security assessment by Business Secretary Kwasi Kwarteng, using powers under the National Security and Investment Act 2021 gov.uk/government/news/bt-ac…
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Today, I called-in the acquisition of Newport Wafer Fab by Nexperia, a subsidiary of a Chinese company. There will now be a full assessment under the new National Security and Investment Act. We welcome overseas investment, but it must not threaten Britain's national security.
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The Met investigation has concluded and Sue Gray has published her final report. The PM has accepted full responsibility and apologised. Lessons have been learned. We now need to back the PM to address the challenges we are facing, and get on with the job we were elected to do.
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A significant investment from @SSE - £24billion this decade! That equals new jobs, new industries and more domestic energy. We can't accelerate clean, affordable, home-grown power without companies taking risks and investing their £billions in offshore wind, hydrogen and CCUS.
📈 SSE on track to invest £24bn this decade in GB clean energy, as Full-year Results announced.
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Update - energy suppliers have met the deadline and responded to Ofgem's market compliance review. The regulator will now analyse their responses. I have been assured by Ofgem they will do this rapidly, and will take compliance and enforcement action where necessary.
Some energy suppliers have been increasing Direct Debits beyond what is required. I can confirm @Ofgem has today issued Compliance Reviews. Suppliers have three weeks to respond. The regulator will not hesitate to swiftly enforce compliance, including issuing substantial fines.
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We need £billions of private investment to accelerate nuclear, hydrogen, carbon capture and renewables. In the US last week, I made the case to a host of British and American investors looking to back our plan to generate more clean, affordable, home-grown power in the UK 🇬🇧
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Our Green Trade and Investment Expo later this year will bring together British businesses and global investors to accelerate our plans to generate more clean, home-grown energy. £100billion of investment opportunities in hydrogen, carbon capture, nuclear and more up for grabs!
✅ SECURED: a green investment expo in Teesside. We're leading the way in development of net zero tech like CCUS and hydrogen. This expo means hundreds of investors from across the globe flying in to see why Teesside is the best place to invest. 🤝 Let's get it done. 💪
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Kwasi Kwarteng retweeted
The Elizabeth line opens TODAY! The extra capacity & faster journey times mean you can spend more time enjoying the fantastic businesses & culture that London has to offer. 📹Watch to see what I got up to with the time I saved @Tate @NotesLondon @HiverBeers @CanaryWharfGrp @TfL
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Huge opportunity for the UK - jobs, energy security, and export potential. We’re backing project R&D with £210m, and progressing the design through our regulatory approval process to ensure it’s safe 👇🏾
Rolls-Royce is creating 400 jobs in Derby and Warrington to support the growth of its small modular reactor (SMR) programme. SMR is expected to generate £52bn in economic benefit and create 40,000 British jobs. 80% of the components will be built in the UK. #UKmfg🇬🇧
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Busy few days in Washington DC working to attract investment into Britain’s new nuclear power fleet, and to enhance our partnership with the US Government on energy security. 🇬🇧🇺🇸
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Kwasi Kwarteng retweeted
Today I met with @KwasiKwarteng to discuss our shared priority of boosting clean energy development. As @Interior moves quickly towards ambitious clean energy goals that will create jobs and support local economies, we look forward to continued cooperation with our UK partners.
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Replying to @EdwardJFKey
Need to do both
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The floating offshore wind market is set to boom - I want more parts made in the UK. Today I’ve opened a new £160m fund to upgrade British ports so we can land those manufacturers. Great for clean, home-grown energy, but also for jobs and growth 🇬🇧 👉🏾 gov.uk/government/news/offsh…
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I’m speaking at the @CSIS in Washington DC at 1900 UK time on UK/US energy security 👇🏾
Today at 2pm, @KwasiKwarteng joins @CSISEnergy live in studio 2C for a discussion on the US-UK Strategic Energy Dialogue and the UK's climate and energy plans amidst global turmoil. Now moderated by my colleague @bencahillenergy Do it up! csis.org/events/uk-energy-se…
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NEW - we’ve started formal discussions with @NDAgovuk to develop a new nuclear project at Trawsfynydd. To power Britain’s nuclear renaissance, we need to secure £billions of investment at decommissioned sites to create jobs and boost energy security. 👉🏾 gov.uk/government/news/joint…
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Kwasi Kwarteng retweeted
Yesterday @SecGranholm and @KwasiKwarteng chaired the 🇺🇸+🇬🇧 Strategic Energy Dialogue. We are working together to enhance our shared energy security and clean energy ambitions. 📖➡️ energy.gov/articles/us-uk-st…
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We have no stronger ally than the United States 🇬🇧🇺🇸 Working with @SecGranholm, we are going to strengthen our partnership on nuclear, renewables and critical minerals to ensure clean, secure and affordable energy for our two countries. Joint statement > gov.uk/government/publicatio…
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