The UK said it would work with the energy industry to try to stem the fallout from soaring gas prices after fears grew that more energy providers and food producers would struggle to operate with such high costs.

Business Secretary Kwasi Kwarteng said he had been reassured that the security of gas supply was not a cause for immediate concern but he would work with providers to "manage the wider implications of the global gas price increase".

Kwarteng held emergency talks with executives from National Grid, Centrica, EDF and the regulator Ofgem on Saturday and was due to hold further discussions with industry figures on Sunday and Monday.