UK spent almost £500,000 on unused support scheme for energy firms

Exclusive: EMFS, devised by Treasury and Bank of England as backstop fund, was quietly closed this year The Treasury spent almost half a million pounds on an unused emergency scheme for energy traders launched by Liz Truss that was quietly closed earlier this year.The energy markets financing scheme (EMFS) was devised by the Treasury and the Bank of England as a £40bn government-guaranteed backstop fund to provide stability for energy and financial markets.The scheme was designed to offer energ...